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IN RE TRI-CONTINENTAL EXCHANGE LTD.

Nos. 06-22652-C-15, 06-22655-C-15, 06-22657-C-15.

349 B.R. 627 (2006)

In re TRI-CONTINENTAL EXCHANGE LTD., an International Business Company formed under laws of St. Vincent and the Grenadines Combined Services Ltd., an International Business Company formed under laws of St. Vincent and the Grenadines Alternative Market Exchange Ltd., an International Business Company formed under laws of St. Vincent and the Grenadines, Debtors in a Foreign Proceeding. Petition of Malcolm Butterfield, Brian Glasgow and Simon Whicker as Foreign Representatives of the St. Vincent and the Grenadines Foreign Proceeding Respecting the St. Vincent and the Grenadines International Business Companies Known as Tri-Continental Exchange Ltd., Combined Services Ltd., and Alternative Market Exchange Ltd.

United States Bankruptcy Court, E.D. California.

September 11, 2006.

Attorney(s) appearing for the Case

Forrest B. Lammiman, Lord Bissell & Brook LLP, Chicago, IL, and Joshua D. Wayser, Lord Bissell & Brook LLP, Los Angeles, CA, for foreign representatives.

Thomas R. Phinney, Parkinson Phinney, Sacramento, CA, for Bennett Truck Transport, LLC.

MEMORANDUM DECISION REGARDING RECOGNITION OF FOREIGN MAIN PROCEEDING

CHRISTOPHER M. KLEIN, Bankruptcy Judge.

This memorandum decision supplements and revises this court's rulings that were made orally on the record at the time of hearing.

A creditor contends these joint liquidations under the laws of St. Vincent and the Grenadines ("SVG") should be recognized as foreign "nonmain," as opposed to "main," proceedings under 11 U.S.C. §...

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