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US court recognises BVI and Brazil proceedings for Constellation subsidiaries

By Dominic Lawson

06 April 2020

US court recognises BVI and Brazil proceedings for Constellation subsidiaries Oil rig / shutterstock.com/Dabarti CGI

A New York court has recognised British Virgin Islands and Brazilian restructuring proceedings for two subsidiaries of global oil group Constellation, 11 months after excluding them from a recognition order for the rest of the group over jurisdiction issues.