- 11 U.S.C.
In re British Am. Ins. Co.
Mar
22
2010
Ruling
Insolvency proceeding in Saint Vincent and the Grenadines, where debtor had subsidiary, recognized as foreign main proceeding.
Procedural posture
Petitioners, judicial managers who were appointed by courts in the Commonwealth of the Bahamas and in Saint Vincent and the Grenadines ("SVG") to manage the operations of an insurance company, filed separate petitions under chapter 15 of the U.S. Bankruptcy Code, seeking recognition of proceedings filed in those courts. A Florida limited liability company (LLC) opposed both petitions.
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Court
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