Red Lobster Canada to ask Ontario court to recognize U.S. bankruptcy protection case

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Red Lobster Canada to ask Ontario court to recognize U.S. bankruptcy protection case
The Canadian PressChapter 11 BankruptcyOntario Superior Court Of Justice
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A lawyer representing Red Lobster's Canadian operations says he will ask an Ontario court to recognize and enforce the restaurant chain's Chapter 11...

A lawyer representing Red Lobster 's Canadian operations says he will ask an Ontario court to recognize and enforce the restaurant chain's Chapter 11 bankruptcy in the U.S.

Red Lobster Canada, Inc. is incorporated in Delaware but runs 27 restaurants in Canada and is listed as a "related debtor" in the U.S. bankruptcy protection proceedings. But it shuttered dozens of locations in the U.S. this month as it grappled with rising costs and more competition across the restaurant industry.Seafood chain Red Lobster will ask Canadian court to enforce U.S. bankruptcy in Canada

Singapore Airlines will no longer serve meals when the seatbelt light is on after a passenger died and dozens got hurt because of flight turbulence.In recent weeks, the 25th floor of the Shanghai Tower has been swarmed with Chinese exporters. Legions of businesspeople have flocked from all over the country to open a new account at VTB Bank - the only Russian bank currently in operation within China's borders.

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