Arcapita, Standard Chartered Reach Deal Over $100M Financing

Law360, New York (October 22, 2012, 6:06 PM EDT) -- A New York bankruptcy judge approved a settlement Friday between Arcapita Bank BSC(c) and Standard Chartered Bank over $100 million in financing Standard Chartered issued before Arcapita's bankruptcy filing, with the debtor set to repay Standard Chartered.

U.S. Bankruptcy Judge Sean H. Lane approved the settlement among Arcapita, its official committee of unsecured creditors, Standard Chartered and the joint provisional liquidators of debtor subsidiary Arcapita Investment Holdings Ltd. Under the settlement agreement, Standard Chartered will get an administrative claim against AIHL and other debtors in an...
To view the full article, register now.




Case Information

Case Title

Arcapita Bank B.S.C.(C), et al.

Case Number



New York Southern

Nature of Suit

Date Filed

March 19, 2012

Law Firms


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.