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Courts Split Over Requirement for Chapter 15 Jurisdiction In the U.S.

If a foreign debtor doesn't reside in, have a domicile or place of business in, or have property in the U.S., can the foreign representative of the debtor utilize Chapter 15 to obtain discovery to use in the foreign proceeding?
7 minute read

International Edition

Mayer Brown, JunHe Represent Dexin China in Yet Another Property Company Liquidation

The High Court of Hong Kong ordered Dexin to be wound up over its failure to repay more than $300 million to creditors.
2 minute read

New Jersey Law Journal

Plaintiffs Move to Prevent Johnson & Johnson's Plans in 3rd Talc Bankruptcy

Lawyers for talc claimants filed a motion on Tuesday to prevent a planned third J&J bankruptcy from being filed outside New Jersey, where two prior Chapter 11 cases were dismissed.
6 minute read

New York Law Journal

Sidley Restructuring Partner Heads to Pillsbury Amid Continued Practice Demand

"We continue to live in a volatile world, particularly with many overleveraged companies," noted Andrew Troop, Pillsbury's restructuring practice leader.
3 minute read

Law.com

Will the Fourth Circuit Finally Take On Bankruptcy's 'Texas Two-Step'?

The U.S. Court of Appeals for the Fourth Circuit has agreed to take up a bankruptcy involving the controversial "Texas two-step," potentially deciding the merger tactic's fate in future Chapter 11 cases. The opening brief is due July 10.
6 minute read

The American Lawyer

Ousted Major Lindsey Employee's Debt to Recruiting Firm to Be Discharged, Trustee Says

Recruiter Sharon Mahn's estate has sought to pursue claims of abuse of process and sexual harassment against former employer Major Lindsey, which fired Mahn in 2009 and has been in contentious litigation with her ever since. Now, claims against Mahn's estate, including a $2.86 million arbitration award for Major Lindsey, are scheduled to be discharged, barring objections from creditors.
3 minute read

International Edition

Willkie Raids Latham for 11-Lawyer Restructuring Team in Major German Expansion

Willkie Farr & Gallagher has hired former Latham bankruptcy and restructuring lawyers Jörn Kowalewski, Ulrich Klockenbrink and Hendrik Hauke as part of its new German strategy along with counsel Jan-Philipp Praß and a team of seven associates.
4 minute read

International Edition

White & Case Acts as North Sea Oil Company Waldorf Files for Administration

The firm recently established an insolvency practice in Australia and added a restructuring partner in Hong Kong.
1 minute read

Delaware Law Weekly

DSBA to Hold Bankruptcy CLE

The bankruptcy section of the Delaware State Bar Association (DSBA) is scheduled to hold a live CLE titled "Bankruptcy Nuts and Bolts 2024" from 9 a.m. to 12:30 p.m. on June 12.
1 minute read

Daily Business Review

FTX Investors Object to Disclosure Statement's Alleged Undervaluing of Crypto, Omitting Investigation Into Am Law 100 Firm

"It is extraordinary that in this case, there were so many important details that were not included in the disclosure statement that are key to the ultimate decision of whether you approve the plan or not," said Adam Moskowitz, managing partner at the Moskowitz Law Firm.
5 minute read

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