Bankruptcy Judge Declines To Change Arbitration Order In $15M Insurance Dispute

(September 11, 2017, 1:30 PM EDT) -- NEW YORK — A New York bankruptcy judge on Sept. 6 refused to dismiss an order requiring a defunct brokerage company to arbitrate in Bermuda its dispute with a foreign specialty reinsurer over a $15 million policy, despite the brokerage company’s argument that its liquidation plan supersedes an arbitration provision (In re:  MF Global Holdings Ltd., et al., MF Global Holdings Ltd., et al. v. Allied World Assurance Company Ltd., et al., Chapter 11 No. 11-15059, Adv. Proc. No. 16-01251, S.D. N.Y. Bkcy., 2017 Bankr. LEXIS 2379)....