§ 1520

In re Nortel Networks UK Ltd

Ruling: 
Automatic stay barred domestic debtors from impleading foreign debtors in proceeding concerning prepetition debt.
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Commercial case opionion summary, case decided on September 15,2015, LexisNexis #1015-029

Krys v. Farnum Place LLC (In re Fairfield Sentry Ltd.)

Ruling: 
Sale of Securities Investor Protection Act claim of debtor, a British Virgin Islands investment fund that invested with Madoff, was subject to § 363 review.
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Commercial case opionion summary, case decided on September 26,2014, LexisNexis #1014-100

In re ABC Learning Ctrs. Ltd.

Ruling: 
Foreign main proceeding properly recognized even though Australian debtor's property was fully leveraged.
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Commercial case opionion summary, case decided on August 27,2013, LexisNexis #0913-105

In re Fairfield Sentry Ltd.

A foreign representative filed an application seeking an order under 11 U.S.C.S. §§ 105(A), 363, 1507(A), 1520(A)(2), and 1521(A) which invalidated a trade confirmation he entered on behalf of three investment funds ("debtors") to sell a claim the debtors filed in an action under the Securities Investor Protection Act ("SIPA"). An LLC that bought the claims opposed the application.
Ruling: 
Foreign representative's motion to avoid sale of debtor's SIPA claim denied where foreign court had held sale valid.
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Commercial case opionion summary, case decided on January 10,2013, LexisNexis #0213-032

In re JSC BTA Bank

The bankruptcy court issued an order in March 2010 which recognized an action that debtor, a foreign bank, filed in the Specialized Financial Court of Almaty City, Republic of Kazakhstan, as a foreign main proceeding under chapter 15 of the U.S. Bankruptcy Code. In July 2010, the debtor's representative asked the court to issue an order holding the Swiss branch of a French bank in contempt for violating the court's order and staying arbitration.
Ruling: 
Ongoing Swiss arbitration did not violate the stay ordered when an action the debtor filed in Kazakhstan was recognized as a foreign main proceeding.
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Commercial case opionion summary, case decided on August 23,2010, LexisNexis #0910-062
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