Subpoena Duces Tecum and Subpoena Ad Testificandum Dated May 7, 2018
PUBLIC UNITED STATES OF AMERICA BEFORE FEDERAL TRADE COMMISSION ~'"'ADE ., .-•~\1,t,\L , : , c04?,i,,, ',- ( .<.:.':5 l'f 7/,)'r, { ' • CfIliff) DOCUMENTS u~ ) IN THE MATTER OF ) \ i~·.w '. 7 za11 ) -'.,_.. --59of)c/~ ..•: PET Resin - M&G Bankruptcy ) File No. 181-0030 ""'"·,\;l·l}?ETAR'l ) :-:~..,... ..,i.-. ) BANIBU II HOLDINGS INC.'S PETITION TO LIMIT AND QUASH SUBPOENA DUCES TECUM AND SUBPOENA AD TESTIFICANDUM DATED MAY 7, 2018 David I. Gelfand Leah Brannon Drew N avikas V. Noah Gimbel CLEARY GOTTLIEB STEEN & HAMILTON LLP 2000 Pennsylvania A venue, NW Washington, D.C. 20006 Tel: 202-974-1500 Counsel for Banibu II Holdings, Inc. PUBLIC UNITED STATES OF AMERICA BEFORE FEDERAL TRADE COMMISSION ) IN THE MATTER OF ) ) PET Resin - M&G Bankruptcy ) File No. 181-0030 ) ) BANIBU II HOLDINGS INC.'S PETITION TO LIMIT AND QUASH SUBPOENA DUCES TECUM AND SUBPOENA AD TESTIFICANDUM DATED MAY 7, 2018 Pursuant to Rule 2.7(c) ofthe Federal Trade Commission's Rules of Practice, 16 C.F.R. § 2.7(c) and all other applicable regulations, statutes, and rules ofpractice, Banibu hereby petitions to limit or quash the subpoena duces tecum and subpoena ad testificandum both dated May 7, 2018, and sent to Banibu in the afternoon on May 9, 2018 (attached as Exhibits A and B). The Commission is investigating the proposed sale in bankruptcy of an incomplete construction site located in Corpus Christi, Texas. The site was intended to become a plant that manufactures PTA and PET. The site's developer, an affiliate ofM&G USA Corporation, mismanaged the project, fell far behind in the schedule to complete it, and had such significant cost overruns that the owner ofthe land, M&G Resins, and its U.S.
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