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In re Bancredit Cayman Ltd. (In Liquidation)

In re Bancredit Cayman Ltd. (In Liquidation)

Ruling
Foreign debtor granted U.S. discovery rights was not entitled to ex parte extension of statute of limitations.
Procedural posture

Previously, the court had denied a motion by foreign representatives of a debtor, a foreign financial institution in a chapter 15 case, to amend or clarify a recognition order to incorporate the relief available to a trustee under 11 U.S.C. § 108. The foreign representatives filed a motion for reargument.

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Commercial opinion summary, case decided on November 02, 2007 , LexisNexis #1207-037