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IN RE BOZEL S.A.

Bankruptcy No. 10-11802 (AJG). Adversary No. 10-03249 (AJG).

434 B.R. 86 (2010)

In re BOZEL S.A., Debtor. Andrew Bickerton as Liquidator of Wellgate International Limited and Crastvell Trading Limited, Plaintiffs, v. Bozel S.A. and Michel Marengère, Defendants.

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

July 20, 2010.

Attorney(s) appearing for the Case

Damon Morey LLP, by Daniel F. Brown, Esq., William F. Savino, Esq., Buffalo, NY, Proposed Attorneys for the Debtor, Debtor-In-Possession, and Defendant Bozel S.A.

Joseph G. Makowski, Esq., Buffalo, NY, Attorney for Defendant Michel Marengère.

Greenberg Traurig, LLP, by Allen G. Kadish, Esq., Adam Dembrow, Esq., Attorney for Andrew Bickerton as Liquidator of Wellgate International Limited, Plaintiff.

Mark D. Bloom, Esq., Miami, FL, (admitted pro hac vice).

Paul J. Keenan, Esq., Miami, FL, (admitted pro hac vice).

Klestadt & Winters, LLP, by Tracy L. Klestadt, Esq., New York, NY, Attorneys for Crastvell Trading Limited, Plaintiff.

OPINION REGARDING DEFENDANTS' MOTION FOR PERMISSIVE ABSTENTION AND/OR A STAY OF THE PROCEEDINGS PENDING RESOLUTION OF LUXEMBOURG PROCEEDINGS

ARTHUR J. GONZALEZ, Chief Judge.

Before the Court is a complaint and claims for relief (the "Complaint") by Plaintiffs Andrew Bickerton (the "Liquidator"), in his capacity as Liquidator of Wellgate International Ltd. ("Wellgate") and Crastvell Trading Limited ("Crastvell") against Defendant Bozel, S.A. (the "Debtor...

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