With over $70 billion in debt and little cash to fund its ongoing operations, Puerto Rico remains in a state of fiscal crisis. …
Continue Reading about Puerto Rico Update: White House Weighs in with a Proposal
With over $70 billion in debt and little cash to fund its ongoing operations, Puerto Rico remains in a state of fiscal crisis. …
Continue Reading about Puerto Rico Update: White House Weighs in with a Proposal
Murillo Campello, Cornell University, National Bureau of Economic Research (NBER); Janet Gao, Indiana University - Kelley School …
Continue Reading about Organized Labor and the Cost of Debt: Evidence from Union Votes
By William H. Beaver, Stanford University; Stefano Cascino, London School of Economics; Maria Correia, London Business School; and …
In light of recent court developments in Marblegate and Caesars, in which courts interpreted Section 316(b) of the Trust Indenture …
Continue Reading about WSJ The Examiners — Trust Indenture Act
By Foteini Teloni, Fordham University School of Law The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 …
By Addison F. Pierce, American University – Washington College of Law The Bankruptcy Reform Act of 1978 is beginning to show its …
By Stephen E. Hessler, Kirkland & Ellis LLP Congress is again advancing legislation to amend the Bankruptcy Code to add …
By Michael D. Pakter, Gould & Pakter Associates, LLC Given the increasing number of professionals who are performing business …
Continue Reading about New AIRA Standards on Distressed Business Valuation
By Dirk Hackbarth, Boston University, Rainer Haselmann, Goethe University Frankfurt, and David Schoenherr, London Business …
Continue Reading about Financial Distress, Stock Returns, and the 1978 Bankruptcy Reform Act
By Allyn Needham, Shipp, Needham & Durham, LLC When disagreements arise in Chapter 11 bankruptcies, debtor and/or creditors’ …
By Jeffrey Murphy and Lee Smith of Dentons The ABI Reform Commission recommended that the safe harbors under Section 555 and 559 …
Continue Reading about Bankruptcy Code With No Repo Safe Harbor — An Evaluation
By Samir D. Parikh, Lewis & Clark Law School Municipalities face daunting fiscal challenges that threaten debt repayment and …
Continue Reading about A New Fulcrum Point for City Survival
By Sophie Vermeille, Jérémy Martinez & Frank-Adrien Papon In a politically controversial attempt to modernize the French …
Editor’s Note: Breaking Bankruptcy Priority: How Rent-Seeking Upends the Creditors' Bargain, by Mark Roe and Fred Tung, was …
Continue Reading about Breaking Bankruptcy Priority: How Rent-Seeking Upends the Creditors’ Bargain
By Daniel J. Bussel, UCLA School of Law There is a buzz concerning bankruptcy examiners. Recently in such cases as ResCap, Dynegy …
Continue Reading about A Third Way: Examiners As Inquisitors
By Jonathan C. Lipson, Temple University—Beasley School of Law, and Christopher Fiore Marotta, KPMG Bankruptcy examiners have …
By Harold S. Novikoff, Douglas K. Mayer, Ian Boczko, Emil A. Kleinhaus, and Alexander B. Lees of Wachtell, Lipton, Rosen & …
By Mark J. Roe, Harvard Law School, and Stephen D. Adams, Ropes & Gray LLP Lehman Brothers’ failure and bankruptcy led to …
By Daniel M. Glosband, Goodwin Procter LLP, and Jay Lawrence Westbrook, The University of Texas School of Law In a recent case, …
Continue Reading about Chapter 15 Recognition in the United States: Is a Debtor “Presence” Required?
By Charles M. Oellermann and Mark G. Douglas, Jones Day Debt-for-equity swaps and debt exchanges are common features of …