New Delaware Chapter 15 Filing – Abengoa Concessions Investments Limited
Anders Christian Digemose, the foreign representative of Abengoa Concessions Investments Limited (“ACIL”) in a proceeding under Part I of the United Kingdom’s Insolvency Act of 1986, has filed a petition for recognition of a foreign proceeding under Chapter 15 of the Bankruptcy Code (Case No. 16-12590). The case has been assigned to the Honorable Kevin J. Carey. According to the verified petition for recognition and final relief, ACIL is an investment holding company headquartered in England whose primary asset is the ownership of equity in Atlantica Yield PLC. The Declaration of Rebecca Lois Jarvis explains that the case was filed to help effectuate a global restructuring of the Abengoa Group, of which ACIL is a member. The memorandum of law in support of the verified petition can be found here.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.
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
