In a recent opinion arising from the Chapter 11 proceedings of Arcapita Bank, Judge Alvin Hellerstein of the US District Court for the Southern District of New York affirmed a bankruptcy...
Reuters reports that Coinbase's shares rose more than 16% last week after the cryptocurrency exchange announced its partnership with BlackRock, the world's largest asset manager.
Winston & Strawn LLP
A Delaware bankruptcy court recently held that an issuer did not violate the "sacred rights" of senior secured noteholders by issuing new "superpriority" secured debt in a prepetition uptier transaction.
Blank Rome LLP
Restructuring & Insolvency Comparative Guide for the jurisdiction of United States, check out our comparative guides section to compare across multiple countries
Ice Miller LLP
DIG's members regularly advise investment funds, private and institutional investors, lenders, private equity firms, operators and other interested parties in all aspects of strategic distressed...
Thompson Coburn LLP
The case arises out of the Sears bankruptcy. Before it filed bankruptcy in 2018, Sears leased retail space at the Mall of America in Minneapolis, Minnesota, from MOAC Mall Holdings LLC.
The proposed settlement is the latest move by a company seeking to resolve the costly litigation.
Winston & Strawn LLP
On July 5, 2022, digital asset lender Voyager Digital Holdings, Inc. made headlines by filing a voluntary petition for Chapter 11 relief. Soon after, competitor...
Seyfarth Shaw LLP
With uncertainties regarding the economy, interest rates rising, the cost of real estate development soaring, and financial distress resulting from the pandemic weighing heavy on many, real estate investors and users ...
Jenner & Block
Order granting counterclaim declaring validity of mortgage on the debtor's property does not violate the stay. The debtor acquired property subject to a disputed mortgage.
Parsons Behle & Latimer
Staring down market uncertainty, larger midsize firms are adding scale and new markets, while smaller firms look for dance partners to cut costs and hand off administrative duties.
Recognized Native American tribes generally have inherent authority to govern themselves without interference by federal or state governments.
Section 510(b) of the Bankruptcy Code provides a mechanism designed to preserve the creditor/shareholder risk allocation paradigm by categorically subordinating claims asserted against a debtor...
Bruce Bennett, a partner in the Los Angeles and New York offices, has been at the helm of many of the largest corporate reorganizations in the United States.
Large employers intending to lay off a significant number of their employees are required by the Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") to...
Bankruptcy and appellate courts disagree over whether a creditors' committee has the unconditional right to intervene in an adversary proceeding commenced during a chapter 11 case.
In a decision that could have significant ramifications in bankruptcy cases, a divided panel of the U.S. Court of Appeals for the Second Circuit ruled in 2021 that the standard articulated by the ...
The finality of asset sales in bankruptcy is an indispensable feature of U.S. bankruptcy law designed to maximize the value of a bankruptcy estate as expeditiously as possible...
On June 6, 2022, the U.S. Supreme Court issued a much-awaited decision, Siegel v. Fitzgerald, No. 21-441, __. U.S. __, 2022 WL 1914098 (U.S. June 6, 2022), ...
Morrison & Foerster LLP
There has been a series of warnings of an upcoming financial downturn; just too many strains on and impediments to the domestic and global economy, with inflation galloping and interest rates following, it seems –