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IN RE VICTORIA ALLOYS, INC.

Bankruptcy No. 00-18761. Adversary No. 01-1045.

261 B.R. 424 (2001)

In re VICTORIA ALLOYS, INC., Debtor. Victoria Alloys, Inc., Plaintiff, v. Fortis Bank SA/NV, et al., Defendant.

United States Bankruptcy Court, N.D. Ohio, Eastern Division.

April 10, 2001.

Attorney(s) appearing for the Case

Daniel A. DeMarco, Jean R. Robertson, Hahn Loeser & Parks LLP, Cleveland, OH, for debtor/plaintiff.

Henry C. Shelton III, Armstrong Allen PLLC, Memphis, TN, for Arrow Terminal Company.

R. Timothy Coerdt (# 0007355), Baker & Hostetler LLP, Cleveland, OH, for Arrow Terminal Company.

Charles E. Reynolds, Cincinnati, OH, for River Transportation, a Division of Boswell Oil.

Marvin A. Sicherman, Dettelbach, Sicherman & Baumgart, Cleveland, OH, for Conagra Foods, Inc.

George M. Cheever, Kirkpatrick & Lockhart LLP, Pittsburgh, PA, for Johnston's Port 33, Inc.

Steven J. Reisman, Turner P. Smith, Curtis, Mallet-Prevost, Colt & Mosle LLP, New York City, for Glencore Ltd.

Shawn M. Riley, Anthony J. DeGirolamo, McDonald Hopkins Burke & Haber Co., LPA, Cleveland, OH, for Local Counsel Glencore Ltd.

John W. Read, Julie M. Larson, Vorys, Sater, Seymour and Pease LLP, Cleveland, OH, for Fortis Bank.

Ronald H. Isroff, Michael S. Tucker, Mark E. Porter, Ulmer & Berne LLP, Cleveland, OH, for Victoria Alloys (U.K.) Limited.

MEMORANDUM OF OPINION AND ORDER

RANDOLPH BAXTER, Bankruptcy Judge.

Victoria Alloys, Inc. (the Debtor) seeks the recovery of a certain shipment of pig iron from its parent company, Victoria Alloys, U.K. (VAUK), and other named parties defendant. The principal parties defendant are VAUK (London, England) and VAUK's transaction financier, Fortis Bank (f.k.a. Meespierson Bank, London Branch). Specific relief is sought under Bankruptcy Code §§...

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