With no notice and little debate, a California congressman slipped an anti-Delaware provision into a federal bankruptcy bill that would threaten the state’s thriving bankruptcy practice by sharply paring away the corporate reorganizations that could be filed here.
The sneak attack has caught the attention of the corporate bar, and while it is mobilizing, it is not panicking — not with Delaware’s influential congressional delegation already riding to the rescue and expected to carry the day before the bill becomes law.
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