Oct 13

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Blog Post: Bahraini Bank, Investment Co. Must Face Ch. 11 Suits In US

by Anonymous

A Bahraini bank and the investment arm of a Yemeni bank cannot avoid Chapter 11 clawback suits brought by creditors of Arcapita Bank BSC, a New York bankruptcy judge ruled Friday, saying the parties knowingly availed themselves of the U.S. court system by conducting transactions through domestic accounts.
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