Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Administrator of Batista mining arm files Chapter 15 case amid fraud allegations

By Benjamin Clarke

17 May 2017

Administrator of Batista mining arm files Chapter 15 case amid fraud allegations Belo Horizonte iStock.com/bcorreabh

The Brazilian administrator of a bankrupt EBX Group mining company has filed a Chapter 15 petition in Florida, telling the court he needs to “investigate the business, affairs, and worldwide dealings” of the miner’s owners who, he alleges, may have defrauded creditors.