Argo Fund Ltd. v. Board of Dirs. of Telecom Arg. S.A. (In re Board of Dirs. of Telecom Arg. S.A.)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Recognition of ancillary foreign proceeding affirmed.
Procedural posture: 
Appellant creditor appealed from a decision by the United States District Court for the Southern District of New York, which affirmed an order of the bankruptcy court), granting a petition by appellee, the board of directors of debtor, a major Argentine telecommunications company, for recognition of an ancillary foreign insolvency proceeding under former 11 U.S.C.S. § 304.
Issue: 
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Commercial case opionion summary, case decided on May 29,2008, LexisNexis #0608-134