In re Silver SRL

Ruling: 
Relief from stay in chapter 15 case granted to allow creditor to pursue recoupment and setoff against debtor's Italian successor.
Procedural posture: 
A parts purchaser (also referred to by the court as a creditor) filed the pending Motion for Relief from Stay to allow Recoupment/Setoff against debtor's successor in liquidation (an Italian entity). Other matters before the court included Requests for Comity, and a request for turnover of funds by debtor's successor.
Issue: 
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Commercial case opionion summary, case decided on July 19,2012, LexisNexis #0812-099