United States
Cadwalader, Wickersham & Taft LLP
On November 3, 2023, the Court in the Chapter 9 bankruptcy case of the City of Chester, Pennsylvania issued its ruling in an adversary proceeding challenging the perfection...
Squire Patton Boggs LLP
The overwhelming majority of my practice has involved larger, complex Chapter 11 cases and out-of-court restructurings, representing debtors, Chapter 11 trustees, committees...
Pryor Cashman LLP
Debtwire published its October 2023 Restructuring Advisory Mandates Report, tracking new representations in corporate reorganizations, and Pryor Cashman is included among the most frequently appointed firms.
Ropes & Gray LLP
Celsius' retail borrowers finally have an answer on who owns the cryptocurrency they deposited into Celsius in exchange for a loan from Celsius – spoiler alert: on November 13, 2023...
Cowles & Thompson, PC
When the court is presented with a motion to modify or lift the automatic stay allowing a creditor to proceed in an action against a debtor after the debtor has filed bankruptcy...
Freeman Law
Removal of cases from one court to another is typically done when a party involved in a legal dispute believes the case should be heard in a different jurisdiction or court.
Jones Day
A "double-dip" structure is considered a way to allow some creditors to have multiple claims against key obligors arising out of the same underlying transactions.
Mayer Brown
Over the past several years, unitranche facilities have become increasingly prevalent. This growth has been driven by the ever-growing class of private credit and direct lenders who initially...
Thompson Coburn LLP
Thompson Coburn's New York Managing Partner Mark Indelicato joined the Bloomberg Law Podcast to discuss WeWork's Chapter 11 restructuring plan and the aggressive path forward.
Perkins Coie LLP
Just a few years ago, the legal landscape governing health-related personal information was relatively simple: Protected Health Information (PHI)...
Taft Stettinius & Hollister
As the EPA nears finalizing recently proposed environmental regulations related to per- and polyfluoroalky substances ("PFAS"), corporate America waits with bated breath.
Goodwin Procter LLP
Bernie Madoff died on April 14, 2021, while incarcerated in the Federal Medical Center in Butner, North Carolina, but he lives on in bankruptcy jurisprudence.
Ankura Consulting Group LLC
Distressed situations are disruptive. Not only is the company facing financial difficulties—such as declining cash flows and other financial performance metrics, along with potential defaults...
Schulte Roth & Zabel LLP
Pundits are raving about the current increase in business bankruptcy cases. But they rarely, if ever, mention the spike in bankruptcy appeals.
KI Legal
In December 2020, Congress passed the Consolidated Appropriations Act, ("CAA-21") which was signed into law by former President Donald Trump on December 27, 2020.
Cadwalader, Wickersham & Taft LLP
The Court of Appeal has overturned the decision of the High Court in Carton-Kelly v Darty Holdings SAS,1 providing welcome clarity for directors of distressed companies when considering...
Kane Russell Coleman Logan
As discussed in my previous blogs regarding the $4-5 Trillion of office mortgage loans maturing in 2024 and 2025, the Federal Banking Authorities (the "Feds") have foreseen, in their new June 2023...
Lowenstein Sandler
As many in the trade are well aware, Chapter 11 debtors frequently seek bankruptcy court approval to pay the prepetition claims of vendors the debtor has deemed critical to the continued...
Foley & Lardner
At the start of the business relationship, accounting performed its due diligence, checking for any red flags to ensure that the buyer of goods and services has the financial wherewithal to pay for any...
Jones Day
The Situation: After the nationalization of the Dutch SNS banking and insurance group, the Dutch Minister of Finance offered zero compensation to expropriated bondholders.