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IN RE SALANDER O'REILLY GALLERIES

No. 07-30005.

453 B.R. 106 (2011)

In re SALANDER O'REILLY GALLERIES, Debtor.

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

July 18, 2011.

Attorney(s) appearing for the Case

Ilan Scharf, Pachulski Stang Ziehl & Jones, LLP, New York, NY, for Alan M. Jacobs, Liquidation Trustee, SOG Liquidation Trust.

Petra von Ziegesar and David Faust, Faust Oppenheim, LLP, New York, NY, for Kraken Investment, Ltd.

OPINION DENYING MOTION FOR RELIEF FROM STAY

CECELIA G. MORRIS, Bankruptcy Judge.

Kraken Investment, Ltd. ("Kraken") moves for relief from the automatic stay, and for an order of this Court stating that Jersey (Channel Islands) law controls the determination of whether a work of art, "Madonna and Child, by Sandro Botticelli" (the "Botticelli") is part of the Debtor's estate, and that such determination shall be made...

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