Anglo Irish Bank Gets Short-Term Protection From US Suits

Law360, Wilmington (September 20, 2013, 9:29 PM EDT) -- A Delaware bankruptcy judge granted a temporary stay Friday to Chapter 15 petitioner Irish Bank Resolution Corp. Ltd., formerly known as Anglo Irish Bank, but ordered that the stay will affect those who oppose it only until a evidentiary hearing in two weeks.

Dublin-based IBRC, which seeks recognition of its Irish liquidation proceedings, requested provisional protection from American creditors and lawsuits earlier this week after saying it needed to delay consideration of it Chapter 15 petition.

At a hearing in Wilmington, U.S. Bankruptcy Judge Christopher S....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.