Sea Containers Wins Extension To Pitch Pension Pact

Law360, New York (February 26, 2008, 12:00 AM EST) -- The court overseeing Sea Containers Ltd.'s bankruptcy proceedings has extended the company's exclusive rights to file and lobby for support of a reorganization plan, after Sea Containers asked for more time to seek court approval for a settlement regarding its pension liabilities and to mollify bondholders who might oppose the deal.

U.S. Bankruptcy Judge Kevin J. Carey signed off Monday on an order granting Sea Containers' Feb. 6 extension bid — its fifth in the case so far — and extending Sea Containers' exclusive filing and...
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.