- 11 U.S.C.
In re Bd. of Dirs. of Telecom Arg. S.A.
Feb
24
2006
Ruling
Petition for an order granting recognition to a final order of an Argentinian court approving debtor restructuring was granted since the restructuring treated creditors equally and was consistent with the Code.
Procedural posture
Foreign debtor filed a petition for an order under 11 U.S.C. § 304 to grant recognition to a final order of a court in Argentina approving the restructuring of the debtor under Argentine law pursuant to an acuerdo preventivo extrajudicial ("APE"). A creditor objected.
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Court
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