In re B.C.I. Finances Pty Ltd.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that intangible property in the form of fiduciary duty claims had its situs in New York
• finding that attorney retainers deposited by foreign debtors in the United States for the alleged sole purpose of satisfying Section 109(a)—and, thereafter, obtaining discovery—were sufficient to satisfy Section 109(a)’s “property” requirement
• collecting cases concluding that venue for Chapter 15 cases can be found where principal assets consist of retainer accounts alone
• collecting cases concluding that venue for Chapter 15 cases can be found where principal assets consist of retainer accounts alone
• “Chapter 15 and the Model Law are designed to optimize disposition of international insolvencies by facilitating appropriate access to the court system of a host country (the United States, in the case of Chapter 15
• “[I]t is well established that ‘[a] debtor's funds held in a retainer account in the possession of counsel to a foreign representative constitute property of the debtor in the United States and satisfy the eligibility requirements of section 109.”

Source: CourtListener parenthetical corpus (CC0).

Cited by

1 case in this archive cites this case.

• In re PT Bakrie Telecom Tbk
  S.D. New York· 2019-05-13· cited 4×

Cites

50 cases in this archive are cited by this case; the 20 most cited are listed.

• Butner v. United States
  Supreme Court· 1979-02-21· cited 3,653×
• In Re Crysen/montenay Energy Co., Debtor. Crysen/montenay Energy Co. v. Esselen Associates, Inc.
  Second Circuit· 1990-05-09· cited 230×
• Bankr. L. Rep. P 75,517 Kalb, Voorhis & Co. v. American Financial Corporation
  Second Circuit· 1993-10-26· cited 161×
• Parmalat Capital Finance Ltd. v. Bank of America Corp.
  Second Circuit· 2011-04-12· cited 144×
• In Re: Koreag, Controle Et Revision S.A.
  Second Circuit· 1992-04-09· cited 136×
• In Re: Gaston & Snow, Debtor, Alfred J. Bianco, as Plan Administrator to the Estate of Gaston & Snow v. Robert A. Erkins & Bernadine Erkins
  Second Circuit· 2001-03-19· cited 112×
• Mutual Service Insurance v. Frit Industries, Inc.
  Eleventh Circuit· 2004-02-06· cited 95×
• In Re Bear Stearns High-Grade Structured Credit Strategies Master Fund, Ltd.
  S.D. New York· 2008-05-27· cited 91×
• Drawbridge Special Opportunities Fund LP v. Barnet
  Second Circuit· 2013-12-11· cited 78×
• Seguros Tepeyac, S.A., Compania Mexicana De Seguros Generales v. Maynard Bostrom and James L. Jernigan
  Fifth Circuit· 1965-06-16· cited 73×
• In Re SPhinX, Ltd.
  S.D. New York· 2006-09-06· cited 73×
• Louis F. Cavic and Helen A. Cavic, His Wife, Cross-Appellants v. The Grand Bahama Development Company, Limited, Cross-Appellee
  Eleventh Circuit· 1983-03-28· cited 68×
• Morning Mist Holdings Ltd. v. Krys
  Second Circuit· 2013-04-16· cited 67×
• Mary DiFederico v. Marriott International, Incorporated
  Fourth Circuit· 2013-05-01· cited 62×
• In Re Cenargo International, PLC
  S.D. New York· 2003-06-27· cited 45×
• Itar-Tass Russian News Agency v. Russian Kurier, Inc.
  Second Circuit· 1998-08-27· cited 42×
• In re Oi Brasil Holdings Coöperatief U.A.
  S.D. New York· 2017-12-04· cited 41×
• GMAM Investment Funds Trust I v. Globo Comunicacoes E Participacoes S.A. (In Re Globo Comunicacoes E Participacoes S.A.)
  S.D. New York· 2004-11-17· cited 34×
• In Re Global Ocean Carriers Ltd.
  D. Delaware· 2000-07-05· cited 33×
• In Re Paper I Partners, L.P.
  S.D. New York· 2002-09-03· cited 33×