In the recent judgment of Gol Linhas Aereas SA (formerly VRG Linhas Aereas SA) (Respondent) v MatlinPatterson Global Opportunities Partners (Cayman) II LP and others (Appellants) [2022].
This article discusses the rules applicable to the enforcement of international arbitral awards in the Cayman Islands pursuant to the Arbitration Law 2012 and related legislation with.
Lawyer denies claims that bankruptcy is litigation tactic
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(Reuters) - The New York judge overseeing the bankruptcy of two MatlinPatterson Global Advisersâ distressed investment funds said on Thursday that he will enter a preliminary order confirming the fundsâ protection against ongoing foreign litigation.
U.S. Bankruptcy Judge David Jones in Manhattan said during a virtual hearing that he will provisionally approve the order but give litigants time to object if they take issue with the shield. Lawyers for the MatlinPatterson funds at Simpson Thacher & Bartlett said during the hearing that the order is key to ensuring that they do not become even more embroiled in ongoing litigation in Brazil and the Caym
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MatlinPatterson Gets Ch. 11 Stay Order To Halt Foreign Cases
Law360 (July 8, 2021, 8:38 PM EDT) Bankrupt distressed company investment fund MatlinPatterson received approval Thursday from a New York federal judge for an order enforcing the Chapter 11 automatic stay that the debtor said it needed to pause actions against it in foreign jurisdictions.
During a virtual first-day hearing, U.S. Bankruptcy Judge David S. Jones said he was initially reluctant to approve such an order because he didn t see an immediate need for it. But he agreed to do it with certain caveats after hearing from MatlinPatterson Global Opportunities Partners II LP about its concerns related to pending Brazilian lawsuits.