Slovak Republic v. Loveridge (In re Eurogas, Inc.)

Chapter 7

OPINION

ROMERO, Bankruptcy Judge.

Appellant, the Slovak Republic, appeals the bankruptcy court’s order approving a settlement agreement proposed by the Chapter 7 trustee, which provides for the bankruptcy estate’s abandonment of litigation claims in exchange for consideration and waiver of claims. Because we find Appellant lacks standing, we dismiss this appeal.

I. BACKGROUND

a. The 2004 Bankruptcy

In June 2004, the Southern District of Texas bankruptcy court entered a judgment against Eurogas, Inc. (the “Debtor”), the Debtor’s principals, and five other corporate entities in the amount…