In Re Ashford Hotels, Ltd.
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
DECISION ON TRUSTEE’S MOTION TO APPROVE (1) A FUNDING AGREEMENT AND (2) RETENTION OF BROWN & WOOD AS SPECIAL COUNSEL
JEFFRY H. GALLET, Bankruptcy Judge.
Roy Babbitt, the Chapter 7 Trustee (the “Trustee”) of Ashford Hotels (the “Debtor”), moves for an order pursuant to § 364 of the United States Bankruptcy Code (the “Code”) to approve a funding agreement (the “Funding Agreement”) with Allied Irish Bank (“AIB”), a creditor. 1 The Funding Agreement requires the Trustee to hire Brown & Wood, AIB’s attorneys, to defend the Debtor in actions pending in New York State and London, England, for which…
2Cases cited25 opinions
- Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
- Langnes v. GreenSupreme Court of the United States · 1931
- In Re Grant CompanyCourt of Appeals for the Second Circuit · 1983
- In Re a & C Properties, Debtors. William W. Martin, Superseded by Gilbert Robinson, in Intervention v. William E. Kane, Barbara Kelly, K & K Properties, Inc., and Investors Replacement, Inc., William W. Martin, Objectors-Plaintiffs-Appellants v. Gilbert Robinson, Trustee in Bankruptcy, in InterventionCourt of Appeals for the Ninth Circuit · 1986
- In Re Stn EnterprisesCourt of Appeals for the Second Circuit · 1985
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