“Just the Facts, Ma’am” – RBS and Credit Agricole vs. Marco Polo Seatrade B.V. et. al.

We are unlicensed, permitted to argue only at the neighborhood bar and have no standing in any venue but perhaps in the court of common sense. Nevertheless, having gained access to the court filings in the Chapter 11 case of The Royal Bank of Scotland and Credit Agricole vs. Marco Polo Seatrade B.V. (“MPS”), we looked at the arguments advanced by the debtors and the lenders in their pleadings with respect to the eligibility of the debtor for Chapter 11 protection and whether MPS had initiated its case in bad faith and present them below for you to judge. To color your judgment, we should perhaps put them in the context that the court ruled in favor of the debtors, rejecting all the debtors’ arguments. We look forward to presenting the Judge’s decision next week.

This is only an excerpt of “Just the Facts, Ma’am” – RBS and Credit Agricole vs. Marco Polo Seatrade B.V. et. al.

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