Bahamas Judge Won’t Recognize Baha Mar U.S. Bankruptcy – WSJ

A Bahamian judge on Wednesday denied Baha Mar Ltd.’s request for recognition of its US bankruptcy filing at the urging of the island nation’s government and the developer’s Chinese creditors.

The ruling means that the company’s assets in the Bahamas, including the $3.5 billion stalled resort, won’t receive full protection in the Bahamas of the US bankruptcy code, which blocks creditors from taking legal actions against the company. However, with the US bankruptcy case pending, creditors with US operations would…

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