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PETITION OF BRIERLEY

Bankruptcy No. 92-B41453(TLB).

145 B.R. 151 (1992)

In re Petition of Anthony William BRIERLEY as one of the Joint Administrators of Headington Investments Limited In a Foreign Proceeding.

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

August 4, 1992.

Attorney(s) appearing for the Case

Kaye, Scholer, Fierman, Hays & Handler, New York City by Michael Crames, Jane W. Parver, and Robert B. Bernstein, for petitioner.

Wolf Haldenstein Adler Freeman & Herz, New York City by Eric B. Levine, for Sheldon J. Aboff, PH (U.S.), Inc., Sphere, Inc. and pro se.

Goldman & Hafetz, New York City, for Sheldon J. Aboff and PH (U.S.), Inc.

Rudes, Lax, Berkowitz & Mittman, P.C. by Saul Rudes; and Arnold J. Ross, New York City, for Wertheim Schroder & Co.

OPINION

TINA L. BROZMAN, Bankruptcy Judge.

Perhaps it is an understatement to label the business holdings of the late Robert Maxwell an international labyrinth. The Maxwell empire embraced two components, what have come to be called in the vernacular the private side companies, that is, those owned by the Maxwell family, and the public side companies headed by Maxwell Communication Corporation plc (MCC), those owned publicly and in minority part by the parent...

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