In Re Ionica PLC
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
MEMORANDUM DECISION GRANTING MOTION TO DISMISS CASE
STUART M. BERNSTEIN, Bankruptcy Judge.
Iónica pic (“Iónica”) is a debtor in an administration proceeding pending in the United Kingdom. The Joint Administrators appointed by the English court filed this chapter 11 case for the purpose of asserting claims of equitable subordination and substantive consolidation, neither, they say, being available under English law. Ionica’s corporate parent, Iónica Group pic (“Group”), the object of these claims, and Nortel Networks pic (“Nor-tel”), an Iónica creditor, have moved to dismiss this case. In the…
2Cases cited23 opinions
- Hilton v. GuyotSupreme Court of the United States · 1895
- Cunard Steamship Company Limited v. Salen Reefer Services Ab, United Brands Company, GarnisheeCourt of Appeals for the Second Circuit · 1985
- Allstate Life Insurance Co. v. Linter Group LimitedCourt of Appeals for the Second Circuit · 1993
- Clarkson Co. v. ShaheenCourt of Appeals for the Second Circuit · 1976
- Matter of CulmerUnited States Bankruptcy Court, S.D. New York · 1982
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