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Chapter 15 Bankruptcy Petitions


Petitions for Recognition of Foreign Insolvency Proceedings under Chapter 15 of the U.S. Bankruptcy Code.

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NMC Health Plc: Chapter 15 Petition

May 28, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Richard Dixon Fleming, Mark Firmin, and Ben Cairns, as the Foreign Representatives of NMC Health Plc, described as being part of a group that is "the largest private healthcare provider in the United Arab Emirates" that is suspected of "financial irregularity" and "fraudulent behavior", at the U. S. Bankruptcy Court for the District of Delaware.

JustFly Corp. et al: Chapter 15 Petition

May 22, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Christopher Cave, as the Foreign Representative of JustFly Corp., FlightHub Group Inc., FlightHub Service Inc., JustFly Inc., SSFP Corp., and 11644670 Canada Inc., at the U. S. Bankruptcy Court for the District of Delaware.

ENTREC Corporation: Chapter 15 Petition

May 15, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Anthony Tillman, of Alvarez & Marsal Canada Inc., as the Foreign Representative of ENTREC Corporation, whose shares are listed on the Toronto Stock Exchange; ENTREC Alberta Ltd., ENT Capital Corp., ENTREC Cranes & Heavy Haul Inc., ENTREC Holdings Inc., ENT Oilfield Group Ltd., and ENTREC Services Ltd., at the U. S. Bankruptcy Court for the Southern District of Texas.

Digicel Group One Ltd.: Chapter 15 Petition

May 15, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Mike Morrison, Charles Thresh, and James Bennett, as the Foreign Representatives of Digicel Group One Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

IIG Structured Trade Finance Fund Ltd.: Chapter 15 Petition

May 08, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Christopher Kennedy and Alexander Lawson, as the Foreign Representatives of IIG Structured Trade Finance Fund Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Portland Winter Hawks Inc. et al: Chapter 15 Petition

May 07, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Toronto, Canada by Noah Goldstein, of KSV Kofman Inc., as the Foreign Representative of Portland Winter Hawks Inc., described as "a junior ice hockey team based in Portland, Oregon that plays in the Western Hockey League"; Audible Capital Corp., Avenir Trading Corp., 1892244 Alberta Ltd., Avenir Sports Entertainment Ltd., and Avenir Sports Entertainment Corp., at the U. S. Bankruptcy Court for the District of Oregon.

The Aldo Group Inc. et al: Chapter 15 Petition

May 07, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by David Galameau, as the Foreign Representative of The Aldo Group Inc., Southwest Capital Holdings Inc., Aldo U.S. Inc., Aldo Marketing LLC, Aldo Shoes West Forty Second, LLC, Aldo 1125 Third Ave. Corp., Aldo 5th Ave. Inc., Aldo 250 West 125 Inc., and 1230 Avenue of the Americas LLC, at the U. S. Bankruptcy Court for the District of Delaware.

BOS Solutions Ltd. et al: Chapter 15 Petition

May 04, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Peter Chisholm, of Ernst & Young, as the Foreign Representative of BOS Solutions Ltd., BOS Solutions Inc., BOS Lease Co. LLC, BOS Solutions Real Estate Inc., and BOS USHoldCo Inc., at the U. S. Bankruptcy Court for the Southern District of Texas.

Virgin Australia Holdings Ltd. et al: Chapter 15 Petition

April 29, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Australia by Vaughan Strawbridge, Richard Hughes, John Greig, and Salvatore Algeri, as the Foreign Representatives of Virgin Australia Holdings Ltd., Virgin Australia International Operations Pty Ltd., Virgin Australia International Holdings Pty Ltd., Virgin Australia International Airlines Pty Ltd., Virgin Australia Airlines (SE Asia) Pty Ltd., Virgin Australia Airlines Holdings Pty Ltd., VAH Newco No. 1 Pty Ltd., Tiger Airways Australia Pty Limited, Virgin Australia Airlines Pty Ltd., VA Borrower 2019 No. 1 Pty Ltd., VA Borrower 2019 No. 2 Pty Ltd., Virgin Tech Pty Ltd., Short Haul 2018 No. 1 Pty Ltd., Short Haul 2017 No. 1, Short Haul 2017 No. 2 Pty Ltd., Short Haul 2017 No. 3 Pty Ltd., VBNC5 Pty Ltd., A.C.N. 098 904 262 Pty Ltd., Virgin Australia Regional Airlines Pty Ltd., Virgin Australia Holidays Pty Ltd., VB Ventures Pty Ltd., Virgin Australia Cargo Pty Ltd., VB Leaseco Pty Ltd., VA Hold Co Pty Ltd., VA Lease Co Pty Ltd., Virgin Australia 2013-1 Issuer Co Pty Ltd., 737 2012 No. 1 Pty. Ltd., 737 2012 No. 2 Pty Ltd., Short Haul 2016 No. 1 Pty Ltd., Short Haul 2016 No. 2 Pty Ltd., Short Haul 2014 No. 1 Pty Ltd., Short Haul 2014 No. 2 Pty Ltd., VA Regional Leaseco Pty Ltd., VB 800 2009 Pty Ltd., VB Leaseco No. 2 Pty Ltd., VB LH 2008 No. 1, VB LH 2008 No. 2 Pty Ltd., VB PDP 2010-11 Pty Ltd., and Tiger International Number 1 Pty Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Ferrex Engineering Ltd.: Chapter 15 Petition

April 20, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Thomas Clarkson, as the Foreign Representative of Ferrex Engineering Ltd., at the U. S. Bankruptcy Court for the Northern District of New York.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.