Primorsk International Shipping Limited (a/k/a PISL) Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing





On January 21, 2016, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Primorsk International Shipping Limited (a/k/a PISL) and its affiliates.

The filing was assigned docket number 38 and is described on the court’s official docket as follows:

Interim Order, signed on 1/21/2016, (A) Authorizing Use of Cash Collateral, (B) Granting Adequate Protection, (C) Modifying the Automatic Stay, (D) Authorizing Debtors to Utilize Operating Revenues, and (E) Scheduling a Final Hearing to Consider the Relief Requested on a Final Basis. (related document(s)[8]) Hearing to be held on 2/18/2016 at 10:00 AM at Courtroom 501 (MG) (Anderson, Deanna)

Primorsk International Shipping Limited (a/k/a PISL) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 15, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 16-10073. The bankruptcy case is currently assigned to United States Bankruptcy Judge Martin Glenn. The law firm of Sullivan & Cromwell LLP is acting as lead bankruptcy counsel to Primorsk International Shipping Limited (a/k/a PISL) in the bankruptcy case.

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