New Chapter 15 Bankruptcy Filing – syncreon Automotive (UK) Ltd.

On July 30, 2019, syncreon Automotive (UK) Ltd. (“Debtor”) filed a petition pursuant to Chapter 15 of the Bankruptcy Code for recognition by the Bankruptcy Court for the District of Delaware of a foreign proceeding before the High Court of Justice of England and Wales (Lead Case No. 19-11702-BLS). According to the accompanying declaration and exhibits thereto, the Debtor is a leading logistics services provider to technology and automotive manufacturers across the world, and the Debtor is part of a complex corporate structure involving cross-guarantees of debt obligations. In the UK proceeding, commenced under Part 26 of the Companies Act of 2006, the Debtor seeks to reduce its $1.1 billion funded debt load by approximately $625 million. The case has been assigned to the Honorable Brendan L. Shannon.

Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

Join Our Mailing List

Stay up to date with the latest insights, events, and more

Check all areas of law you are interested in receiving e-newsletters and alerts about:(Required)
This field is for validation purposes and should be left unchanged.

Our Practices



Our Industries