Kazakh Bank Gets OK For US Bankruptcy Protection

By Evan Weinberger

Law360, New York (March 04, 2010, 5:24 PM ET) -- A bankruptcy judge has granted Kazakhstan's second-largest bank, JSC BTA Bank, full court protection under the U.S. Bankruptcy Code while it continues its $11.6 billion restructuring in its home country.

Judge James M. Peck of the U.S. Bankruptcy Court for the Southern District of New York signed off on the order March 2, saying BTA had met all requirements for protection under Chapter 15 of the Bankruptcy Code.

BTA filed for bankruptcy protection in the U.S. on Feb. 4 after some financial services creditors, including UBS...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles