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IN RE FOTOCHROME, INC.

No. 70 B 209.

377 F.Supp. 26 (1974)

In the Matter of FOTOCHROME, INC., Debtor.

United States District Court, E. D. New York.

June 4, 1974.

Attorney(s) appearing for the Case

Louis P. Rosenberg, Brooklyn, N. Y., for debtor.

Dugald Campbell Brown, William M. Kahn, John H. Pinto, Jr., Gillard S. Glover, New York City (Whitman & Ransom, New York City, of counsel) for claimant.

MEMORANDUM AND ORDER

WEINSTEIN, District Judge.

The litigants have joined issue where the laws of bankruptcy, foreign arbitration, jurisdiction and judgment recognition overlap. Although the result is troubling, for the reasons indicated below we hold that, in the circumstances of this case, pending foreign arbitration proceedings are not subject to stays by a bankruptcy judge. We recognize that this holding may prefer foreign to American creditors in a...

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