Marine insurance companies
Chapter 15: Breaking News
Chapter 15: Breaking News
- Bancredit Cayman Ltd.
Company : Bancredit Cayman Ltd.
Bancredit is a bank incorporated in the Cayman Islands in 1988 and regulated by the Cayman Islands Monetary Authority. It was registered as Company No. 28811, with a registered office at P.O. Box 1034, Harbour Place, 103 South Church
Street, George Town, Grand Cayman, Cayman Islands.
Latest Document Dated: 2007-12-18
Civil Cover Sheet from U.S. District Court, with Case Number: 07-11338 under Judge Lewis A. Kaplan filed by Clerk's Office of the U.S. Bankurptcy Court.
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Read the full story. - Highlands Insurance Co. (U.K.), Ltd.
Company : Highlands Insurance Co. (U.K.), Ltd.
Incorporated in the U.K. on 1974, Highlands Insurance Co. (U.K.), Ltd., began
transacting insurance and reinsurance business in 1982 from Gloucestershire, England.
The Debtor is a wholly-owned subsidiary of Highlands Holdings (U.K.), Ltd., which is in turn a wholly-owned subsidiary of Highlands Insurance Group, Inc. of Delaware in the U.S.
Between 1983 and 1994, the Debtor predominantly wrote London market excess-of-loss business. It ceased underwriting new and renewal business on 1994. On November 2003, it retained P.R.O. Insurance Solutions, Ltd. to manage the run-off of its business.
On October 31, 2002, Highlands Insurance Group, Inc. and several subsidiaries filed for Chapter 11 protection (Bankr. D. Del. Case No. 02-13196). Pursuant to the debtors' Chapter 11 plan, which became effective on March 31, 2003, all the shares of Highlands Insurance Group, Inc. were cancelled and new shares were issued to a liquidating trust. The
plan has been substantially consummated and a final decree closing the case was entered in September 30, 2003.
On October 25, 2007, the Debtor's directors presented an application to the High Court of Justice, Chancery
Division, Companies Court to place the Debtor into administration under the U.K. Insolvency Act of 1986 and to appoint petitioners as its joint administrators.
On November 1, 2007, the court granted the application and appointed Dan Yoram
Schwarzmann and Mark Charles Batten of
PricewaterhouseCoopers, L.L.P. as the Debtor's petitioners. They were also appointed as its foreign representatives who were authorized to commenced a Chapter 15 bankruptcy case, at the same time.
Latest Document Dated: 2007-12-18
Verified Petition for Recognition of a Foreign Main Proceeding and Motion for Related Relief filed by Jennifer C. DeMarco on behalf of Highlands Insurance Company (U.K.) Limited.
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Read the full story. - Yukos Oil Company
Company : Yukos Oil Company
Yukos Oil Company is an open joint stock company existing under the laws of the Russian Federation. Yukos Oil is involved in the energy industry substantially through its ownership of
its various subsidiaries, which own or are otherwise entitled to enjoy certain rights to oil and gas production, refining and marketing assets.
The Debtor previously filed for bankruptcy protection on Dec. 14, 2004 (Bankr. S.D. Tex. Case No. 04-47742), but the case was dismissed on Feb. 24, 2005, by the Hon. Letitia Z. Clark.
A consortium of 14 bank lenders led by
Societe Generale SA, filed a new bankruptcy suit in the Moscow Arbitration Court on March 10, 2006, in an attempt to recover the remainder of a US$1 billion debt under outstanding loan agreements.
Latest Document Dated: 2007-12-18
Reply of Yukos International (UK) B.V. and Yukos Finance B.V. in Response to Objections to Motion to Vacate May 26, 2006 Order filed by James Tecce on behalf of Yukos Finance B.V., and Yukos International UK B.V.
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Read the full story. - Klytie's Development Inc.
Company : Klytie's Development Inc.
Klytie's Development Inc. filed a Chapter 15 petition in behalf of its co-debtors, Klytie's Development, L.L.C.,Efrat Friedman, and Hidai Friedman, under Case No. 07-22719. The Debtors manage private investment funds both in the US and Canada, focusing on worldwide investments in real estate. They guaranted their investors with
10% minimum annual returns. Klytie's Developments, L.L.C. is registered in Colorado, U.S.A.
Latest Document Dated: 2007-12-14
Response to Trial Brief on Center of Main Interests and Supplemental Brief filed by Russell Klein on behalf of Colorado Securities Commissioner Fred J. Joseph.
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Read the full story. - Hatteras Reinsurance Ltd.
Company : Hatteras Reinsurance Ltd.
Hatteras Reinsurance Ltd., was incorporated on July 19, 2004, and licensed as a Class 3 insurer. Hatteras offers financial and insurance services.
Latest Document Dated: 2007-12-14
Affidavit of Service of Patricia Birley regarding Notice of Status Conference filed by Kenneth P. Coleman on behalf of Hatteras Reinsurance Ltd.
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Read the full story. - Ian Gregory Thow
Company : Ian Gregory Thow
Ian Gregory Thow previously filed for chapter 7 liquidation on September 7, 2005, and the case is pending before the Honorable Karen Overstreet (Bankr. W.D. Wash. Case No. 05-21675). Mr. Thow, an investment counselor from Victoria, B.C., is accused by former clients of defrauding them of millions of dollars to facilitate his lavish lifestyle.
Latest Document Dated: 2007-12-14
Notice of Minor Clerical Changes regarding Global BC TV's Motion to Intervene and for Access to Rule 2004 Exam.
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Read the full story. - Tradex Swiss AG
Company : Tradex Swiss AG
The Debtor is a Boston, Massachusetts-based foreign exchange trading shop whose registered office is in Firststrasse 15, 8835 Feusisberg, Zurich, Switzerland.
On November 1, 2007, the Swiss Federal Banking Commission decreed that the unauthorized acceptance of investment funds from the public on a professional basis, the advertising of such acceptance to the public and the unofficial and unauthorized use of the term "bank" by the Debtor and also by Swiss Garant A.G. was all established to be in violation of the Federal Law on Banks and Savings Banks. The Commission
also decreed that bankruptcy proceedings be instituted against the Debtor and Swiss Garant in November 2, 2007.
Latest Document Dated: 2007-12-14
BNC Certificate of Mailing - PDF Document regarding Order Motion of Debtor to Consolidate Lead Case No. 07-17180 with Case No. 07
