Bankruptcy Judge Closes Irish Reinsurer’s Chapter 15 Case Over $1B Deficit

Mealey's (January 13, 2020, 5:05 PM EST) -- NEW YORK — A New York federal bankruptcy judge on Jan. 13 closed an Irish reinsurer’s bankruptcy proceeding that recognized a foreign main liquidation proceeding concerning an alleged $1 billion deficit (In re Ballantyne Re Plc, Chapter 15, No. 19-11490, S.D. N.Y. Bkcy.)....