In Re Betcorp Ltd.
United States Bankruptcy Court, D. Nevada
1Opinion of the Court
OPINION ON PETITION FOR RECOGNITION
BRUCE A. MARKELL, Bankruptcy Judge.
Table of Contents
I. Introduction .271
II. BaCKGRound .271
A. Betcorp’s Gaming Operations and Corporate Governance.272
B. Changes in United States Gaming Law, Betcorp’s Cessation of Operations, and Its Subsequent Winding Up.273
C. 1st Technology’s Claim.274
III. RECOGNITION OF BETCORP’S WINDING Up.275
A. Is Betcorp’s Winding Up a “Foreign Proceeding” as Defined by 11 U.S.C. § 101(23)?.275
1. A “Proceeding”.277
2. Judicial or Administrative in Character.280
3. A Collective Proceeding.281
A Located in a Foreign Country.281
5. Authorized…
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