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The Legal Intelligencer

Mere Presence of Cannabis Near a Bankruptcy Case Does Not Automatically Preclude Relief

In In re Kojima, the U.S. District Court for the Central District of California (the court) affirmed a bankruptcy court's order approving a Chapter 7 trustee's proposed settlement of cannabis-related state court claims held by creditors of the estate.
7 minute read

National Law Journal

Real Estate Pressure Likely to Keep Chapter 11 Filings Flowing in 2024

Bankruptcy experts are now expecting to see a steady stream of Chapter 11 filings continue throughout 2024, though not with a year-over-year jump like 2023's.
3 minute read

The American Lawyer

Big Law Rates Continue Rising, But Trail 2023 Increases So Far

The average Am Law 50 firm upped its rates by 8% to 10% in 2024, according to bankruptcy records.
3 minute read

International Edition

China's Property Crisis Marks Sidley's Time in the Sun, But Will It Shake Up the Playing Field?

Outside of China's property crisis, activity in the restructuring realm has been muted in Asia. But now that Sidley Austin has sewn up the market on China real estate, how will rival firms shape up?
6 minute read

The American Lawyer

Hiring From Kirkland, Paul Hastings Continues Building Restructuring Practice

The firm continues to be bullish on restructuring, almost two years after its raid of Stroock.
2 minute read

International Edition

Hong Kong Court Has Had 'Enough', Orders China Evergrande to Liquidate

In court, Evergrande was represented by Des Veoux Chambers silk, Jose-Antonio Maurellet, SC. Advising on its restructuring is Sidley Austin.
4 minute read

The American Lawyer

Seyfarth Launches Restructuring Practice, Snagging Lateral Group from BCLP

The move comes as Am Law 100 firms saw billable hours in bankruptcy grow by nearly 7% last year.
5 minute read

Law.com

Three Senators and 25 States Ask SCOTUS to End 'Texas Two-Step' Bankruptcies

The amicus briefs, filed on Monday, support a petition from an claimants committee in the Bestwall LLC bankruptcy for the U.S. Supreme Court to reverse an injunction order blocking mesothelioma victims from pursing their asbestos lawsuits.
5 minute read

Texas Lawyer

Attorney Claims Invasion of Privacy, but 3rd Party Calls it Ploy, Sought Contempt Order

The Dallas Court of Appeals upheld a temporary injunction brought by an lawyer alleging invasion of privacy.
4 minute read

Law.com

'I Was Always Frustrated': Talc Federal Bankruptcy Judge Wants This Rule to Change

In a Jan. 10 letter, U.S. Bankruptcy Chief Judge Michael Kaplan of the District of New Jersey asked the Federal Committee on Rules of Practice and Procedure to change a rule that prohibits bankruptcy judges from appointing special masters.
6 minute read

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