In Re McLean Industries
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
HOWARD C. BUSCHMAN, III, Bankruptcy Judge.
Before us is a motion for approval of a settlement whereby the automatic stay would be vacated in favor of certain secured creditors with respect to four vessels sailing under the flag of the United States that have been arrested in foreign ports. It is requested that the secured creditors not be required to petition those courts to recognize and give effect to United States law barring transfers of vessels to non-American entities. This involves considerations of extraterritorial application of our statutes, the interplay of bankruptcy and admiralty…
2Cases cited35 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Red Lion Broadcasting Co. v. Federal Communications CommissionSupreme Court of the United States · 1969
- Ruckelshaus v. Monsanto Co.Supreme Court of the United States · 1984
- United States v. Aluminum Co. of AmericaCourt of Appeals for the Second Circuit · 1945
- Banco Nacional De Cuba v. SabbatinoSupreme Court of the United States · 1964
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- In re Soundview Elite, Ltd.United States Bankruptcy Court, S.D. New York · 2014
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