Resort Group Brings Singapore On Board For Ch. 11

Law360, New York (September 20, 2011, 6:32 PM EDT) -- Paulson & Co.-owned MSR Resort Golf Course LLC on Tuesday sought bankruptcy court approval in New York for a crucial truce with a group of Singapore sovereign wealth funds that had vied for ownership of the resort group.

MSR said it had ironed out its differences with the affiliates of the Government of Singapore Investment Corp., bringing the dissident creditor, known as GIC RE, on board by promising to pay its claim in full in cash under any debtor-run Chapter 11 plan.

“The debtors have taken...
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