Greek Telecom Co. Hellas Files Ch. 15 To Block NY Suits

Law360, New York (February 16, 2012, 11:07 PM EST) -- The owner of Greek mobile phone company Wind Hellas Telecommunications SA filed for Chapter 15 bankruptcy protection Thursday in New York federal court to halt a $359 million creditor suit while the ailing company liquidates in the U.K.

Hellas Telecommunications Luxembourg II SCA listed assets and debts of more than $100 million each in its petition. The company’s foreign representatives urged the New York court to recognize the proceedings in the Chancery Court of the U.K. High Court of Justice.

"This Chapter 15 case was commenced...
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