| Highlands Insurance Co. (U.K.), Ltd. |
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Bruton Court, Bruton Way, Gloucester,
Gloucestershire GL1 1DA, United Kingdom
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Incorporated in the U.K. on 1974, Highlands Insurance Co. (U.K.), Ltd., began transacting insurance and reinsurance business in 1982 from Gloucestershire, England.
The Debtor is a wholly-owned subsidiary of Highlands Holdings (U.K.), Ltd., which is in turn a wholly-owned subsidiary of Highlands Insurance Group, Inc. of Delaware in the U.S.
Between 1983 and 1994, the Debtor predominantly wrote London market excess-of-loss business. It ceased underwriting new and renewal business on 1994. On November 2003, it retained P.R.O. Insurance Solutions, Ltd. to manage the run-off of its business.
On October 31, 2002, Highlands Insurance Group, Inc. and several subsidiaries filed for Chapter 11 protection (Bankr. D. Del. Case No. 02-13196). Pursuant to the debtors' Chapter 11 plan, which became effective on March 31, 2003, all the shares of Highlands Insurance Group, Inc. were cancelled and new shares were issued to a liquidating trust. The
plan has been substantially consummated and a final decree closing the case was entered in September 30, 2003.
On October 25, 2007, the Debtor's directors presented an application to the High Court of Justice, Chancery
Division, Companies Court to place the Debtor into administration under the U.K. Insolvency Act of 1986 and to appoint petitioners as its joint administrators.
On November 1, 2007, the court granted the application and appointed Dan Yoram
Schwarzmann and Mark Charles Batten of
PricewaterhouseCoopers, L.L.P. as the Debtor's petitioners. They were also appointed as its foreign representatives who were authorized to commenced a Chapter 15 bankruptcy case, at the same time.
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| Petitioner: |
Dan Yoram Schwarzmann
Joint Administrator
Mark Charles Batten
Joint Administrator
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Petition Date:
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2007-12-18
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Case number:
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07-13970
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| Bankruptcy Court: |
Bankruptcy Court for the Southern District of New York
615-3 Alexander Hamilton Custom House
One Bowling Green
New York, NY 10004-1408
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| U.S. Judge: |
Martin Glenn
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| Petitioners' Counsel: |
Jennifer C. DeMarco
Clifford Chance U.S., L.L.P.
31 West, 52nd Street
New York, NY 10019
Tel: +1 212 878 8000
Fax: +1 212 878 8375
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U.S. Trustee:
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Diana G. Adams
33 Whitehall Street
21st Floor
New York, NY 10004
Tel: 212-510-0500
Fax: 212-668-2256
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| Foreign Proceeding: |
| Case number: |
7896 of 2007
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| Date Filed: |
2007-10-25
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| Court: |
High Court of Justice, Chancery Division, Companies Court
Strand, London
England WC2A 2LL
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| Judge: |
Mr Justice Warren
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| Counsel: |
Clifford Chance LLP
10 Upper Bank Street
London E14 5JJ
DX: 149120 Canary Wharf 3
United Kingdom
Tel: +44 20 7006 1000
Fax: +44 20 7006 5555
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| Other Information: |
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| Total Assets: |
USD 50.00 Million to 100.00 Million |
| Total Liabilities: |
Greater than USD 100.00 Million |
| Bar Date: |
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| List of
Largest Creditors: |
Entity
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Nature Of Claim
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Claim Amount
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| Important Documents: |
Docket No.
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Date Filed
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Docket Text |
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| 0001 |
2007-12-18 |
Chapter 15 Petition for Recognition of Foreign Proceeding, with Fee Amount of $1,039, filed by Jennifer C. DeMarco of Clifford Chance on behalf of Highlands Insurance Company (U.K.) Limited. |
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| 0002 |
2007-12-18 |
Verified Petition for Recognition of a Foreign Main Proceeding and Motion for Related Relief filed by Jennifer C. DeMarco on behalf of Highlands Insurance Company (U.K.) Limited. |
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| 0002ExhibitA |
2007-12-18 |
Copy of Highlands Insurance Co. (U.K.) Ltd.'s Unaudited Balance Sheet as of September 30, 2006. |
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| 0002ExhibitB |
2007-12-18 |
Copy of Administrative Order dated November 1, 2007, of the U.K. High Court of Justice appoiting Dan Yoram Schwarzmann and Mark Charles Batten as Joint Administrators of the Company. |
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| 0003 |
2007-12-18 |
Declaration of Dan Yoram Schwarzmann in Support of Verified Petition for Recognition of a Foreign Main Proceeding and Motion for Related Relief filed by Jennifer C. DeMarco on behalf of Highlands Insurance Company (U.K.) Limited. |
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| 0004 |
2007-12-18 |
Application for Order Scheduling Hearing and Specifying the Form and Manner of Service of Notice filed by Jennifer C. DeMarco on behalf of Highlands Insurance Company (U.K.) Limited. |
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| 0004ExhibitA |
2007-12-18 |
Copy of Form of Notice of Hearing on Petition Under Chapter 15. |
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| 0005 |
2007-12-18 |
Statement and List filed Pursuant to Rule 1007(a)(4) of the Federal Rules of Bankruptcy Procedure filed by Jennifer C. DeMarco on behalf of Highlands Insurance Company (U.K.) Limited. |
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| 0007 |
2007-12-18 |
Statement filed Pursuant to 11 U.S.C. 1515(c) Identifying Foreign Proceedings with respect to Highlands Insurance Company (U.K.) Limited filed by Jennifer C. DeMarco on behalf of Highlands Insurance Company (U.K.) Limited. |
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| 0008 |
2007-12-18 |
Order Scheduling Hearing and Specifying the Form and Manner of Service of Notice, with hearing to be held on 1/22/2008 at 2:00 P.M. in Courtroom 601. |
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| 0014 |
2008-01-16 |
Consent Order Extending the Time Period for the Filing and Serving of Responses or Objections for Ace Property and Casualty Insuarance Company and Cravens, Dargan & Company, Pacific Coast. |
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| 0016 |
2008-01-16 |
Consent Order signed 1/16/2008, extending the time for the filing and serving of Responses or Objections for Highland Insurance Company in Receivership. |
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| 0023 |
2008-01-23 |
Order Signed on 1/22/2008, Granting Recognition of English Proceeding as Foreign Main Proceeding and Related Injunctive Relief. |
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| Related Proceedings: |
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