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BANQUE FRANCAISE, ETC. v. RIO GRANDE TRADING, INC.

Bankruptcy No. 81-01653-BB, Adv. No. 81-0808-BB.

17 B.R. 134 (1981)

In re BANQUE FRANCAISE du COMMERCE EXTERIEUR, Plaintiff, v. RIO GRANDE TRADING, INC., Defendant.

United States Bankruptcy Court, S.D. Texas, Houston Division.

December 30, 1981.

Attorney(s) appearing for the Case

Barry H. Snowden, Morris, McCanne, Tinsley, Snowden, Ellis & Wilson, Houston, Tex., for Banque Francaise du Commerce Exterieur.

Leonard H. Simon, Baker & Botts, Houston, Tex., for South Louisiana Production Co., Inc.

Kenneth R. Wynne, Bracewell & Patterson, Houston, Tex., for Marc Rich & Co., Intern., Ltd.

MEMORANDUM OPINION

WILLIAM M. SCHULTZ, Bankruptcy Judge.

The matter before the court is a Complaint to Lift the Stay filed by the Banque Francaise du Commerce Exterieur (hereinafter referred to as BFCE) against Rio Grande Trading, Inc. (hereinafter referred to as Rio Grande), the debtor in a voluntary Chapter 11 case filed on May 26, 1981. BFCE is requesting a modification of the stay to permit it to initiate a lawsuit in Paris, France against the debtor...

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