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B.C.I. Fins. Pty, In re

Ruling
Liquidator of estates of foreign debtors was entitled to discovery rights to investigate potential claims against debtors’ founders and third parties that aided and abetted breaches of fiduciary duty. (Bankr. S.D.N.Y.)
Issue(s)
Relief That May Be Granted Upon Recognition; Types of Appropriate Relief; Discovery.

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Commercial opinion summary, case decided on March 10, 2025 , LexisNexis #0525-047

In re Urban Commons 2 W. LLC

Ruling
Foreclosure sale was a legal proceeding that could compel interest holders to accept a money satisfaction, justifying proposed free and clear sale of debtors’ leasehold interest in hotel. (Bankr. S.D.N.Y.)
Issue(s)
Use, Sale or Lease of Property; When Property May Be Sold Free and Clear of Any Interest; Where Acceptance of Money Satisfaction Could be Compelled.

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Commercial opinion summary, case decided on March 04, 2025 , LexisNexis #0525-008

Corben, In re

Ruling
A Chapter 13 debtor's voluntary dismissal does not deprive the court of authority to impose conditions on dismissal. (Bankr. S.D.N.Y.)
Issue(s)
Effect of Dismissal; Subsequent Filings.

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Consumer opinion summary, case decided on February 25, 2025 , LexisNexis #0425-076

Global Fertility & Genetics, In re

Ruling
Plan of reorganization satisfied § 1129(b)'s fair and equitable requirement because, when the debtor was valued on a standalone basis, its equity had no value. (Bankr. S.D.N.Y.)
Issue(s)
Confirmation of Plan; Cramdown; Fairness and Equity; Classes.

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Commercial opinion summary, case decided on September 07, 2024 , LexisNexis #1124-068

Sunac China Holdings Ltd., In re

Ruling
Debtor's motion for recognition of Hong Kong proceeding as a foreign main proceeding wasgranted as Hong Kong was and had always been the primary locus of debtor's businessactivities and decision-making. (Bankr. S.D.N.Y.)
Issue(s)
Order Granting Recognition; Requirements; Foreign Main or Nonmain Proceeding.

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Commercial opinion summary, case decided on January 30, 2024 , LexisNexis #0324-071

Zhang Med. P.C., In re

Ruling
Debtor with noncontingent liquidated debts in excess of $7.5 million was ineligible to proceedas a small business debtor. (Bankr. S.D.N.Y.)
Issue(s)
Definitions; Debtor; Persons Included.

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Commercial opinion summary, case decided on November 30, 2023 , LexisNexis #0124-089

Golden Seahorse LLC, In re

Ruling
Debtor had to pay default interest to the extent provided by its agreement and permitted bynon-bankruptcy law in order to reinstate its defaulted debt. (Bankr. S.D.N.Y.)
Issue(s)
Impairment of Claims or Interests; When Default Rights Are Not Impaired.

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Commercial opinion summary, case decided on July 31, 2023 , LexisNexis #0923-093