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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