Ch. 15 Debtor Still On Hook For Highway Project, Court Told
Law360, New York (March 15, 2017, 7:32 PM EDT) -- A pair of developers on an interstate highway project asked a New York bankruptcy court Tuesday to clarify its recognition of a Spanish engineering firm’s foreign bankruptcy, saying the debtor has various obligations related to the project that should not be subject to a stay.
I-69 Development Partners LLC and ROADIS Transportation Holding SLU are seeking to hold Grupo Isolux Corsán SA liable for its obligations related to the design, construction, financing, operation and maintenance of an interstate highway project in Indiana’s Morgan and Monroe counties. Last year the U.S. bankruptcy court had recognized Isolux Corsán’s foreign restructuring proceedings, and on...
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