Law360, New York (February 05, 2010) -- Kazakhstan's JSC BTA Bank has filed for Chapter 15 protection in federal bankruptcy court to protect it from creditors as it hashes out an $11.6 billion restructuring in a Kazakh court.
Seeking protection under the U.S.' cross-border insolvency provisions became necessary after some financial services creditors, including UBS AG and Credit Suisse, commenced actions to recover claims against BTA, according to...
