Israeli restructuring proceedings for Believer Meats were formally recognized by a bankruptcy court in North Carolina, where a subsidiary of the lab-grown meat company is being liquidated by a state court receiver.
Judge Pamela W. McAfee of the US Bankruptcy Court for the Eastern District of North Carolina on Thursday granted Chapter 15 bankruptcy recognition for the producer of meat grown from animal cells based on an understanding that a Wilson, N.C. factory and related assets under the control of an appointed receiver aren’t subject to the proceedings in Israel.
The company’s request for relief in a US bankruptcy court ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.