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.
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