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IN RE JSC BTA BANK

No. 10-10638 (JMP).

434 B.R. 334 (2010)

In re JSC BTA BANK, Debtor in a Foreign Proceeding.

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

August 23, 2010.

Attorney(s) appearing for the Case

White & Case LLP, Evan C. Hollander, Esq., Douglas P. Baumstein, Esq., New York, NY, for Foreign Representative.

Simpson Thacher & Bartlett LLP, William T. Russell, Jr., Esq., Paige E. Fleming, Esq., Robert H. Smit, Esq., New York, NY, for BIC-BRED.

MEMORANDUM DECISION DENYING MOTION OF FOREIGN REPRESENTATIVE FOR CONTEMPT AND STAY OF ARBITRATION PROCEEDINGS

JAMES M. PECK, Bankruptcy Judge.

Introduction

On March 2, 2010, the Court entered an order in this chapter 15 case (the "Recognition Order") granting the petition for recognition of the foreign main proceeding of JSC BTA Bank ("BTA Bank") currently pending in the Specialized Financial Court of Almaty City, Republic...

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