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IN RE RUBIN

Bankruptcy No. 92-46955 (TLB).

160 B.R. 269 (1993)

In re Pinhas RUBIN and Joseph Halevy, as Liquidators of The Israel Reinsurance Company, Ltd.

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

As Amended October 19, 1993.

Attorney(s) appearing for the Case

Fischbein Badillo Wagner & Itzler, New York City by Philip H. Kalban, and I. Gornitzky & Co., Tel Aviv, Israel, by Dr. Dalia Even, for petitioners.

Werner & Kennedy, New York City by John M. Nonna, Brendan Kennedy, for Samuel Fortunato in his Capacity as Liquidator of Integrity Ins. Co.

Adams, Duque & Hazeltine, New York City by Huhnsik Chung, for the Employers Reinsurance Union.

Leboeuf, Lamb, Leiby & Macrae, New York City by Ronald J. Gizzi, for Bankers Trust.

DECISION ON SECTION 304 PETITION AND OTHER RELATED RELIEF

TINA L. BROZMAN, Bankruptcy Judge.

Two liquidators of an Israeli reinsurance1 company seek under 11 U.S.C. § 304 certain injunctive relief and to repatriate the corpus of a trust funded by a letter of credit for pro rata distribution to its American beneficiaries after determination of the beneficiaries' respective allowable claims. Under the terms of the trust, by...

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