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Under Bulgarian rules, Agro is essentially permitted to consistently work beneath the trustee’s oversight. Agro, by its sole movie director, designated someone else (“Ms. Panchovska”) to help you act as their overseas member. Agro advised the fresh trustee of these fulfilling, but never acquired the fresh trustee’s concur. Following the the woman conference, Ms. Panchovska registered a part 15 petition seeking to identification away from Agro’s Bulgarian bankruptcy proceeding situation as the a foreign fundamental continuing for the New york bankruptcy proceeding legal.

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