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China Fisheries Seeks To Keep Control Of Its Ch. 11

Law360, New York (October 24, 2016, 6:33 PM EDT) -- China Fishery Group Ltd. is battling lenders over control of the commercial fishing business's Chapter 11 bankruptcy, saying Friday in a New York court filing that it needs additional time to map out a reorganization plan.

China Fisheries, which in June filed for Chapter 11 protection with numerous affiliates, is seeking a five-month extension to the exclusive period in which the business can submit and rally creditor support for a plan of reorganization. Certain lenders, however, claim China Fisheries' overseers haven't been transparent and argue the...
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