United States Bankruptcy Court, S.D. New York.https://leagle.com/images/logo.png
June 10, 1987.
June 10, 1987.
Attorney(s) appearing for the Case
Milbank, Tweed, Hadley & McCloy by John J. Jerome, Alan W. Kornberg, Stephen Shimshack, New York City, for Debtors.
Gilmartin, Poster & Shafto by Robert L. Poster, New York City, for debtors.
Rudolph W. Guiliani, U.S. Atty., S.D.N.Y., by James L. Garrity, Jr., New York City, U.S. Dept. of Transp., Maritime Admin. by Richard M. Lorr, Div. of Ship Financing Contracts, Office of Chief Counsel, Washington, D.C., for Maritime Admin.
Cadwalader, Wickersham & Taft by William S. Busch, Theodore A. Ulrich, New York City, for Bank of America and Citibank.
Wachtell, Lipton, Rosen & Katz by Chaim Fortgang, Scott K. Charles, New York City, for Bank of America and Citibank.
Dickstein, Shapiro & Morin by Barry Wm. Levine, Ira R. Mitzner, New York City, for the MEBA Benefit Plans.
Proskauer Rose Goetz & Mendelsohn by Alan B. Hyman, Richard Mashbeg, Esq. for MEBA Pension Trust, MNU Pension and Welfare Plan, MM & P Health and Benefit Plan, ARA Pension and Welfare Plan, and ROU Benefit Plan.
White & Case by Allan Gropper, James P. Laughlin, New York City, for the Unsecured Creditors Committee.
Hahn & Hessen by Jeffrey L. Schwartz, New York City, for Daewoo Corp.
Burke & Parsons by Thomas A. Dillon, Jr., New York City, for Daewoo Corp.
Weil, Gotshal & Manges by Corinne Ball, New York City, for the Prudential Ins. Co. of America.
United States Bankruptcy Court, S.D. New York.
HOWARD C. BUSCHMAN, III, Bankruptcy Judge.
Before us is a motion for approval of a settlement whereby the automatic stay would be vacated in favor of certain secured creditors with respect to four vessels sailing under the flag of the United States that have been arrested in foreign ports. It is requested that the secured creditors not be required to petition those courts to recognize and give effect to United States law barring transfers of vessels to non-American...
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