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Isolux contractors demand clarification of Chapter 15 stay

By Tom Rhys Davies

16 March 2017

Isolux contractors demand clarification of Chapter 15 stay iStockphoto.com/TomasSereda

US contractors to insolvent Spanish engineering group Isolux Corsán have asked a New York court to clarify the terms of a Chapter 15 stay, arguing that its terms are broader than the stay imposed in the company’s foreign main proceedings in Madrid.