United States: Insolvency/Bankruptcy/Re-Structuring

The Uniform Assignment for Benefit of Creditors (ABC) Act aims to modernize and standardize a debtor-initiated, state-law liquidation mechanism where financially distressed debtors...

This case is the latest in a series of cases — and potentially the first decision by a district court after the Supreme Court’s decision in Harrington v. Purdue Pharma L.P., 603 U.S. 204 (2024) (Purdue) — holding that nonconsensual releases approved in foreign restructuring proceedings can be enforced in the United States under Chapter 15.

In private equity-backed turnarounds, the CFO's role transforms from historical reporting to active crisis management, requiring mastery of three critical domains: establishing precise cash-flow visibility through rigorous 13-week forecasting, executing strategic cost restructuring that preserves value drivers, and developing forward-looking operational metrics that enable real-time decision-making.

The Uniform Assignment for Benefit of Creditors (ABC) Act aims to modernize and standardize a debtor-initiated, state-law liquidation mechanism where financially distressed debtors...

This case is the latest in a series of cases — and potentially the first decision by a district court after the Supreme Court’s decision in Harrington v. Purdue Pharma L.P., 603 U.S. 204 (2024) (Purdue) — holding that nonconsensual releases approved in foreign restructuring proceedings can be enforced in the United States under Chapter 15.

In this episode of Lowenstein Bankruptcy Lowdown, Bankruptcy & Restructuring Vice Chair David M. Posner and partner Colleen M. Restel examine whether Chapter 15 may offer a new pathway for cannabis...