Mealey's Bankruptcy - Port Authority: Irish Bank Creditor Lacks Standing To Bring Lease Lawsuit

Mealey's Bankruptcy - Port Authority: Irish Bank Creditor Lacks Standing To Bring Lease Lawsuit

WILMINGTON, Del. - The Tampa Port Authority (TPA) on May 15 filed a brief in the U.S. Bankruptcy Court for the District of Delaware supporting its motion to dismiss an adversary proceeding filed by Liberty Channelside LLC, a creditor in the Chapter 15 bankruptcy of Irish Bank Resolution Corp. Ltd. (IBRC), arguing that Liberty Channelside lacks standing to bring a cause of action based on the lease agreement that is the subject of its dispute with the TPA (Liberty Channelside LLC v. Irish Bank Resolution Corporation Ltd. $(In Re: Irish Bank Resolution Corporation Ltd.$), No. 13-12159, Adv. No. 13-52542, Chapter 15, D. Del. Bkcy.).

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