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IN RE ASIA GLOBAL CROSSING LTD.

No. 02 B 15749(SMB).

333 B.R. 199 (2005)

In re ASIA GLOBAL CROSSING, LTD., et al., Debtors.

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

November 15, 2005.

Attorney(s) appearing for the Case

Golenbock Eiseman Assor Bell & Peskoe LLP, Jonathan L. Flaxer, Adam C. Silverstein, of Counsel, New York City, for Trustee.

Willkie Fair & Gallagher LLP, Alan J. Lipkin, Daniel C. McElhinney, Matthew V. Wargin, of Counsel, New York City, for 360networks Corporation.

OPINION AND ORDER GRANTING IN PART AND DENYING IN PART MOTION FOR PARTIAL SUMARY JUDGMENT

STUART M. BERNSTEIN, Chief Judge.

360networks Corporation ("360networks") filed a $100 million proof of claim against the estate of Asia Global Crossing, Ltd. ("Asia Global"). The claim is based on a guaranty (the "Guaranty") of certain obligations of GC Bandwidth, Inc. ("GC Bandwidth") to 360networks. Robert L. Geltzer, Esq., the trustee of Asia Global's estate, filed...

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