In Re Rose

MEMORANDUM DECISION DENYING PERMANENT INJUNCTION

PRUDENCE CARTER BEATTY, Bankruptcy Judge.

This case tests the limits of the “near blank check” flexibility a bankruptcy court has to fashion relief in a case under § 304 of the Bankruptcy Code. 1 At issue is whether solvent foreign corporations may obtain nationwide permanent injunctions from this court in order to effectuate a corporate, administrative and financial restructuring unrelated to any foreign insolvency proceeding. For the reasons set forth below the court denies the request as exceeding the scope of the § 304 of the Bankruptcy Code.

P…