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Kazakh bank BTA gets US bankruptcy law protection

* Almaty restructuring recognized as "main" proceeding

* Ruling protects BTA Bank from U.S. creditor claims

 

NEW YORK, March 4 (Reuters) - A U.S. bankruptcy judge granted BTA Bank BTAS.KZ, the second-largest bank in Kazakhstan, protection from U.S. creditors so that it may restructure about $12 billion of debt at home.

 

Source: Reuters

 

http://www.reuters.com/article/bankruptcyNews/idUSN0421490020100304

6 March 2010 | View: 206 | News » Theme of day | Printint version
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