IN RE AWAL BANK, BSC

Bankruptcy Nos. 09-15923 (ALG), 10-15518 (ALG). Adversary No. 11-01535 (ALG).

455 B.R. 73 (2011)

In re AWAL BANK, BSC, Debtor in a Foreign Proceeding. In re Awal Bank, BSC, Debtor. Charles Russell, LLP, London, as External Administrator of Awal Bank, BSC, Plaintiff, v. HSBC Bank USA, N.A., Defendant.

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

August 4, 2011.


Attorney(s) appearing for the Case

Brown Rudnick LLP, By: David J. Molton , Sunni P. Beville , Robert L. Harris , William R. Baldiga , New York, NY, Robert L. Harris , Rebecca L. Fordon , Nicolas M. Dunn , Boston, MA, for Charles Russell, LLP, London, as External Administrator of Awal Bank, BSC.

Phillips Lytle LLP, By: William J. Brown , David J. McNamara , Allan L. Hill , New York, NY, for HSBC Bank USA, National Association.

United States Trustee, By: Tracy Hope Davis , Susan D. Golden , New York, NY.


MEMORANDUM OF OPINION

ALLAN L. GROPPER, Bankruptcy Judge.

INTRODUCTION

This opinion resolves certain aspects of a dispute between Charles Russell, LLP, London, as External Administrator (the "External Administrator") of Awal Bank, BSC ("Awal Bank" or the "Debtor"), a bank in insolvency proceedings in Bahrain, and HSBC Bank USA, National Association (together with its affiliates, branches and subsidiaries, "HSBC" or "Defendant"), one of Awal...

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