Kazakh Bank Files Ch. 15 Amid $11B Reorganization
Seeking protection under the U.S.' cross-border insolvency provisions became necessary after some financial services creditors, including UBS AG and Credit Suisse, commenced actions to recover claims against BTA, according to a petition and affidavits lodged Thursday in the U.S. Bankruptcy Court for the Southern District of New York.
The restructuring will continue to take place...
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