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Daily Business Review

Venezuela Leader Says Cash Crackdown a Victory Over Foes

Venezuela's president said that the sudden decision to scrap the country's most-used currency bill was an economic triumph over the country's enemies even as the government sent troops and police to cities where riots and looting broke out over the measure.
5 minute read

Corporate Counsel

Banking Industry Vet Leaves BoA for Online Lender

A veteran member of Bank of America's legal department has left for the online lending company Swift Financial Corp.
4 minute read

Daily Business Review

Banks Cool on Region's Residential, But Some Lenders Are Still in Play

Luxury residential developers are having a hard time finding construction financing in South Florida. Here's why.
9 minute read

The Legal Intelligencer

Discharge Applied to Bar Unknown Claims

The golden ring sought at the end every Chapter 11 is a discharge from all claims known or unknown that existed prior to plan confirmation. Discharge generally involves a two-step process; first a bar date must be established which requires claimants to timely file their claim with the bankruptcy court; and second, the plan must be confirmed. The process of identifying claims for purposes of providing notice of a bar date can run from the very simple to the extremely complex. Trade creditors holding claims against the debtor are relatively simple to identify since their name and address should exist in the debtor's books and records. However, claims arising out of exposure to toxic chemicals sold or distributed by a debtor years or even decades prior present an entirely different challenge. Those challenges were recently addressed in the Chemtura bankruptcy proceeding pending in the Southern District of New York, In re Chemtura, Case No. 09-11233 (Bankr. S.D.N.Y Nov. 23, 2016).
15 minute read

International Edition

A&O and Freshfields Lead on Asahi's Eastern European $8 Billion Beer Buy from AB InBev

AB Inbev is selling brands that include Czech market leader Pilsner Urquell to get clearance from competition regulators after its takeover of rival SABMiller.
7 minute read

Daily Business Review

Porsche Condo Tower With Personal Garages Nears Completion

The Porsche Design Tower gets its temporary certificate of occupancy and pays off its $214 million construction loan.
3 minute read

The Recorder

Mendoza v. JPMorgan Chase Bank, N.A.

By | December 14, 2016
4 minute read

New York Law Journal

Committee to Hear Comments on Agency's Proposed Cybersecurity Mandate

The state Assembly Banking Committee will hold a public hearing on Dec. 19 about the Cuomo administration's plan to mandate that financial services companies doing business in the state have protections in place against cyberattacks.
3 minute read

Daily Business Review

Wells Fargo Sued for Alleged Role in Film Financing Fraud

A Miami state court lawsuit filed Monday alleges Wells Fargo and its employees helped swindle film production financiers out of millions of dollars.
11 minute read

New York Law Journal

Schneiderman Gets Green Light for Fraud Suit Against Credit Suisse

New York Attorney General Eric Schneiderman can go forward with his $11 billion investor-fraud lawsuit against Credit Suisse after a New York appeals court ruled on Tuesday that a six-year statute of limitations, rather than a three-year period, applies to the case.
9 minute read

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