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IN RE INTERNATIONAL BANKING CORP. B.S.C.

No. 09-17318 (SMB).

439 B.R. 614 (2010)

In re The INTERNATIONAL BANKING CORPORATION B.S.C., Debtor in a Foreign Proceeding.

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

November 23, 2010.

Attorney(s) appearing for the Case

Holland & Knight LLP, New York, NY, Barbara R. Parlin, Esq. , H. Barry Vasios, Esq. , Warren E. Gluck, Esq. , James H. Hohenstein, Esq. , of counsel, for Trowers & Hamlins, External Administrator and Foreign Representative of the Debtor in a Foreign Proceeding.

Bingham McCutchen LLP, New York, NY, Joshua Dorchak, Esq. , Robert M. Dombroff, Esq. , Todd B. Marcus, Esq. , of counsel, for Deutsche Bank AG.

Cleary Gottlieb Steen & Hamilton LLP, New York, NY, Carmine D. Boccuzzi, Esq. , of counsel, for Mashreqbank PSC.

MEMORANDUM DECISION AND ORDER REGARDING ATTACHED FUNDS

STUART M. BERNSTEIN, Bankruptcy Judge:

Trowers & Hamlins (the "Administrator"), administrator of foreign debtor The International Banking Corporation B.S.C. ("TIBC"), moves for an order vacating state court orders of attachment obtained by Deutsche Bank AG ("DB") and Mashreqbank PSC ("Mashreqbank", and together with DB, the "Banks"), and directing that the attached funds that are currently held by...

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