In Re Tri-Continental Exchange Ltd.

MEMORANDUM DECISION REGARDING RECOGNITION OF FOREIGN MAIN PROCEEDING

CHRISTOPHER M. KLEIN, Bankruptcy Judge.

This memorandum decision supplements and revises this court’s rulings that were made orally on the record at the time of hearing.

A creditor contends these joint liquidations under the laws of St. Vincent and the Grenadines (“SVG”) should be recognized as foreign “nonmain,” as opposed to “main,” proceedings under 11 U.S.C. §§ 1502(4)-(5). The answer turns on the situs of the chapter 15 debtors’ “center of main interests,” which term is not defined and requires a fact-based inquiry in…