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http://www.law360.com/articles/550226/australia-s-octaviar-prevails-on-2nd-bid-for-ch-15-relief

Australia's Octaviar Prevails On 2nd Bid For Ch. 15 Relief

By Maria Chutchian
Law360, New York (June 20, 2014, 4:57 PM ET) -- Australia-based property finance group Octaviar Administration Pty Ltd. on Thursday won Chapter 15 recognition in a New York bankruptcy court, six months after the Second Circuit overturned an earlier order granting the relief.

Over the objections of Drawbridge Special Opportunities Fund LP, a hedge fund managed by Fortress Investment Group LLC, U.S. Bankruptcy Judge Shelley C. Chapman found that Octaviar meets the provision of the Bankruptcy Code requiring debtors to prove that they have property or a place of business in the U.S. in order to...