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Diamond wholesaler's Belgian trustees seek recognition in US after Antwerp court found debtor lied in Chapter 11 case

By Dominic Lawson

14 November 2017

Diamond wholesaler's Belgian trustees seek recognition in US after Antwerp court found debtor lied in Chapter 11 case iStock.com/sorawat_c

Belgian bankruptcy trustees newly appointed over diamond wholesaler Exelco in Antwerp are seeking recognition in Delaware, where they have presented a Belgian court ruling that the debtor told “chronological fundamental lies" to the US court in Chapter 11 proceedings.