US Energy Unit Gets Green Light For UK Deals

Law360, New York (May 6, 2009, 12:00 AM EDT) -- The bankruptcy judge overseeing U.S. Energy Systems Inc.'s Chapter 11 case has signed off on subsidiary GBGH LLC's plan to put into motion the U.K. portion of its restructuring transactions.

Judge Robert Drain of the U.S. Bankruptcy Court for the Southern District of New York signed off Tuesday on the motion, ruling that GBGH should be allowed to proceed after finding the transactions to be in the best interest of the estate, its creditors and other parties.

The judge did stipulate, however, that any use of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.