MATTER OF PAPELERAS REUNIDAS, S.A.

Bankruptcy No. 185-50236-260.

92 B.R. 584 (1988)

In the Matter of the Application of the Liquidating Committee of PAPELERAS REUNIDAS, S.A., Petitioner.

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

November 3, 1988.


Attorney(s) appearing for the Case

Haas, Greenstein, Hauser, Sims, Cohen & Gerstein, P.C., New York City by Noel W. Hauser, for petitioner.

Katten, Muchin & Zavis, Chicago, Ill. by Francis X. Grossi, Jr., and David K. Schmitt, Bruce H. Roswick, New York City, for Republic Tobacco, Inc., formerly Adams Apple Distribution Co.

Stanley R. Goodman, Garden City, for Bambu Sales, Inc.


DECISION

CONRAD B. DUBERSTEIN, Chief Judge.

This ancillary proceeding under § 304 of the Bankruptcy Code was initiated by a liquidating committee ("liquidators") appointed in insolvency proceedings instituted and pending in Spain affecting the affairs of Papeleras Reunidas, S.A. ("Papeleras"), a Spanish corporation. The liquidators have invoked § 304 to prevent Republic Tobacco, Inc. ("Republic"), a major creditor of Papeleras located in the United...

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