In re: Serviços de Petróleo Constellation S.A., et al.,1 Debtors in a Foreign Proceeding., 613 B.R. 497

Summary

HOLDINGS: [1]-Cause existed to grant withdrawal of the Ltd.'s Existing Chapter 15 Verified Petition, order the dismissal of the existing Ltd. Chapter 15 Case, and terminate provisional relief granted to the Ltd; [2]-Further, it appeared that the continued operation of the stay granted pursuant to the Provisional Relief Order in connection with the Existing Chapter 15 Verified Petition would no longer be necessary to protect the Ltd. from adverse creditor action within the U.S.; [3]-Because, among other things, the Brazilian RJ Court (the first instance court in which the group reorganization proceeding was pending) had confirmed the RJ Plan with respect to the S.a.r.l. in connection with the broader restructuring of the Group, the court granted full force and effect to the RJ Plan with respect to the S.a.r.l. and enabled the Group's restructuring process to be concluded.