New Delaware Chapter 15 Filing – Essar Steel Algoma Inc. USA
The foreign representative of Essar Steel Algoma Inc. USA, Cannelton Iron Ore Company, Essar Steel Algoma (Alberta) ULC, Essar Steel Algoma Inc. and Essar Tech Algoma Inc. has filed chapter 15 petitions for those entities before the United States Bankruptcy Court for the District of Delaware (lead case # 15-12270). The case has been assigned to Chief Judge Shannon. These cases are filed in support of insolvency proceedings pending before the Ontario Superior Court of Justice (Commercial List). The chapter 15 petition for Essar Steel Algoma Inc. USA is attached. The company has issued a press release, available here. The press release indicates that the docket will be made available through Prime Clerk.
Contact Norman L. Pernick or 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.
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