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

  1. February 07, 2018

    Bahraini Bank, Investment Co. Can't Dodge Ch. 11 Suits

    A New York bankruptcy judge won't reconsider his October ruling forcing a Bahraini bank and the investment arm of a Yemeni bank to face Chapter 11 clawback suits by creditors of Arcapita Bank BCS, saying Monday that bankruptcy case law allowing the clawback of foreign funds has not changed.

  2. October 13, 2017

    Bahraini Bank, Investment Co. Must Face Ch. 11 Suits In US

    A Bahraini bank and the investment arm of a Yemeni bank cannot avoid Chapter 11 clawback suits brought by creditors of Arcapita Bank BSC, a New York bankruptcy judge ruled Friday, saying the parties knowingly availed themselves of the U.S. court system by conducting transactions through domestic accounts.

  3. January 21, 2014

    Arcapita Judge OKs Accord Ending Claims Over $515M Deal

    A New York bankruptcy judge on Tuesday approved the reorganization plan of an Arcapita Bank BSC subsidiary and a settlement that resolves all disputes related to a $515 million sale in 2010 of a natural gas storage company.

  4. November 08, 2013

    Wealthy Saudi Family Sues Arcapita Over $3.5M Investment

    A wealthy Saudi family on Thursday sued the reorganized Arcapita Bank BSC in New York bankruptcy court over $3.5 million the family says it invested with the bank for a rights offering that never occurred and that it says should now be returned.

  5. July 18, 2013

    Bankrupt Arcapita Makes Push For $365M Subsidiary Sale

    Bankrupt Arcapita Bank BSC on Thursday asked a New York bankruptcy judge to allow its nondebtor subsidiary 3PD Inc. to enter into an agreement to sell itself to a logistics provider in a deal valued at $365 million. 

  6. July 18, 2013

    Tide Gas Wins Bid To Halt $120M Arcapita Claim Fight

    A New York bankruptcy judge on Thursday put aside litigation between Tide Natural Gas Storage I LP and a group of former investors of an Arcapita Bank BSC affiliate over the subordination of claims until a related district court matter is settled.

  7. June 11, 2013

    Arcapita Bank Judge Greenlights Ch. 11 Plan

    Arcapita Bank BSC on Tuesday secured a New York bankruptcy judge's approval of Chapter 11 reorganization plan, allowing it to exit bankruptcy, pay off its creditors and turn over its assets to a new entity that will manage and dispose of them over time.

  8. June 10, 2013

    Bankrupt Arcapita Gets Initial OK For $175M Goldman Loan

    Bahrain's Arcapita Bank BSC received interim approval Monday for a $175 million loan from Goldman Sachs Group Inc. and, separately, saw Tide Natural Gas Storage I LP withdraw its objection to the bank's Chapter 11 plan confirmation based on the plan's subordination of $120 million in claims.

  9. June 07, 2013

    Arcapita's $95M Standard Chartered Deal Clears Ch. 11 Snag

    Arcapita Bank BSC on Friday reached an agreement to pay $94.6 million of the $96.6 million in claims Standard Chartered Bank has lobbed against the Bahraini bank, resolving the last significant roadblock to a smooth Chapter 11 plan confirmation.

  10. May 30, 2013

    Gas Co. Wants $120M Claim Ahead Of Arcapita Unit Investors'

    Tide Natural Gas Storage I LP urged a New York bankruptcy court Wednesday to subordinate the claims of former shareholders of bankrupt Arcapita Bank BSC affiliate Falcon Gas Storage Co. Inc. beneath its own $120 million claim, because theirs come from the sale of a Falcon subsidiary.

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