A unit of HSBC is protesting an attempt by Bahrain's Awal Bank to pursue Chapter 11 protection in the US, saying Awal is seeking to cherry-pick the portions of the Bankruptcy Code it would like to use while ignoring other aspects of the law.

HSBC Bank USA, which claims to be among Awal's largest creditors, said the Bahrain bank is trying to take advantage of US laws in an attempt to claw back an errant $13m wire transfer. But Awal isn't willing to comply with disclosure requirements mandated under Chapter 11, according to papers filed by HSBC Thursday with the US Bankruptcy Court in Manhattan.