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BTA Bank unitholders' group hires Milbank Tweed to represent interests
By Caroline Salls
Pittsburgh, Oct. 18 - An informal group of BTA Bank JSC recovery unitholders has hired Milbank, Tweed, Hadley & McCloy LLP to represent their interests in connection with the bank's restructuring, according to a news release from the unitholder group.
The informal group, which includes international banks, hedge funds and pension funds, said it wants to talk with other recovery unitholders.
Together, the members of the group hold more than 25% of the recovery units, the release said.
BTA Bank is based in Almaty, Kazakhstan. The company filed its Chapter 15 bankruptcy case on Feb. 4, 2010 in the U.S. Bankruptcy Court for the Southern District of New York under case number 10-10638.
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