Bankruptcy Law and Insolvency Law

Liability management exercises have become a popular tool for restructuring distressed debt outside of court, but data reveals an 86% failure rate within two years.

Third party releases (3PRs) have long been a feature of restructuring processes in key international restructuring centres including England, Singapore and the United States. However, recent court decisions in all three jurisdictions have brought renewed scrutiny to the circumstances in which such releases can be granted and their permissible scope.

A Texas bankruptcy court has ruled that lenders who participated in Serta Simmons Bedding's 2020 uptier transaction violated the credit agreement's pro rata sharing provision...

Liability management exercises have become a popular tool for restructuring distressed debt outside of court, but data reveals an 86% failure rate within two years.

Cross-border stablecoin regulation faces significant challenges as jurisdictions like the US and EU develop incompatible frameworks for reserves and insolvency treatment. Matthew Bisanz of Mayer Brown examines the complexities of creating a seamless international system when each country insists on holding reserves domestically, and explores the unresolved questions around customer location in cross-border bankruptcy scenarios.

Third party releases (3PRs) have long been a feature of restructuring processes in key international restructuring centres including England, Singapore and the United States. However, recent court decisions in all three jurisdictions have brought renewed scrutiny to the circumstances in which such releases can be granted and their permissible scope.