CATCo Reinsurance Opps Fund Ltd Commencement of US Chapter 15 Proceedings (4096O)
07 Octubre 2021 - 09:40AM
UK Regulatory
TIDMCAT
RNS Number : 4096O
CATCo Reinsurance Opps Fund Ltd
07 October 2021
CATCo Reinsurance Opportunities Fund Announces Commencement of
U.S. Chapter 15 Proceedings and Notice of Hearing
London, 7 October 2021 -
CATCo Reinsurance Opportunities Fund Ltd. announces that:
-- Simon Appell of AlixPartners UK LLP and John C. McKenna of
Finance & Risk Services Ltd. have been appointed as Joint
Provisional Liquidators (JPLs) as of 1 October 2021 of CATCo
Reinsurance Opportunities Fund Ltd., Markel CATCo Reinsurance Fund
Ltd., Markel CATCo Investment Management Ltd. and Markel CATCo Re
Ltd. (the CATCo Group Companies).
-- On October 5, 2021, cases under chapter 15 of the U.S.
Bankruptcy Code were commenced in the U.S. Bankruptcy Court for the
Southern District of New York by the filing of a verified petition
with respect to each of the CATCo Group Companies.
-- The chapter 15 petitions seek, among other things,
recognition of the CATCo Group Companies' provisional liquidation
proceedings pending before the Supreme Court of Bermuda (as
commenced on 27 September 2021) and the related proposed schemes of
arrangement to ensure that these proceedings are given full force
and effect in the United States.
This announcement is being made to provide notice that the
chapter 15 cases have been commenced and the hearing to consider
the relief requested in the verified petition will take place at
10.00am (New York time) on 4 November 2021 before the Honorable
Lisa G. Beckerman, United States Bankruptcy Judge for the Southern
District of New York, at the United States Bankruptcy Court for the
Southern District of New York, Courtroom 601, One Bowling Green,
New York, New York 10004. The hearing will be conducted remotely
using Zoom for Government.
Any party-in-interest wishing to submit a response or objection
to the verified petition or the relief requested therein must do so
in accordance with the Bankruptcy Code, the Federal Rules of
Bankruptcy Procedure, and the Local Rules for the Bankruptcy Court,
and such response must be received by no later than 28 October
2021, at 4.00pm (New York time). Any party-in-interest opposed to
the verified petition or the relief requested therein must appear
at the hearing. As noted above, the hearing will be conducted
remotely using Zoom for Government. Any parties wishing to appear
at the hearing, whether in a "live" or "listen only" capacity, must
make an electronic appearance through the Bankruptcy Court's
website at https://ecf.nysb.uscourts.gov/cgi-bin/nysbAppearances.pl
on or before 4:00pm (New York time) the business day before the
hearing.
Copies of the verified petition and all accompanying
documentation may be obtained by parties-in-interest on the
Bankruptcy Court's Electronic Case Filing System, which can be
accessed from the Bankruptcy Court's website at
http://www.nysb.uscourts.gov (a PACER login and password are
required to retrieve a document), on the buy-out transaction
website at https:// catcobuyout.alixpartners.com , or upon written
request to the CATCo Group Companies' attorneys addressed to:
Skadden Arps, Slate, Meagher and Flom LLP, One Manhattan West,
New York, New York 10001, USA (Attn: Lisa Laukitis)
or
Skadden, Arps, Slate, Meagher & Flom LLP, 155 N. Wacker
Drive, Chicago, Illinois 60606, USA (Attn: Justin M. Winerman and
Anthony R. Joseph)
or
Skadden, Arps, Slate, Meagher & Flom (UK) LLP, 40 Bank
Street, Canary Wharf, London, E14 5DS, UK (Attn: Peter Newman)
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