Bankruptcy Law and Insolvency Law

Delaware has enacted the Uniform Assignment for Benefit of Creditors Act, becoming the sixth state to modernize its ABC process. The new legislation introduces significant procedural changes including flexibility for out-of-court actions and elimination of bond and appraisal requirements, marking a substantial departure from Delaware's antiquated former ABC law after a decade of increased activity.

Copyright termination rights, even those that cannot be exercised for decades, are property of a debtor's bankruptcy estate under section 541 of the Bankruptcy Code, and failing to schedule...

When a company files for Chapter 11 bankruptcy, its intellectual property assets become part of the bankruptcy estate, potentially affecting licensors, licensees, and IP rights holders.