SNP Bankruptcy Court Can't Challenge French Holdings: Judge

Law360, New York (April 19, 2012, 7:11 PM EDT) -- A Florida federal judge on Wednesday reinstated the Chapter 15 case of French company SNP Boat Services SA and said that a U.S. bankruptcy court cannot examine foreign court decisions on a case-by-case basis to determine if litigants had received their due process rights.

U.S. District Judge Kevin Michael Moore said that the Florida bankruptcy court had exceeded its authority by ordering discovery to determine whether the interests of SNP creditor Canadian company Hotel Le St. James had been protected in SNP's French sauvegarde proceeding, which...
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