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International Edition

International Heavyweights Line Up on Multibillion-Euro Restructuring Deal in France

White & Case, Cleary Gottlieb Steen & Hamilton, Orrick, and Latham & Watkins have advised on a cross-border deal to restructure Casino, one of France's biggest retail chains.
3 minute read

Corporate Counsel

CLO Cashes Out at ATM-Maker Diebold; Replacement Punches In

After guiding the manufacturer through bankruptcy, Jonathan Leiken is passing the legal reins to veteran Diebold attorney Elizabeth "Lisa" Radigan, whom he called "brilliant, caring and a wise teacher of the law."
3 minute read

National Law Journal

Bankruptcy Code Does Not Preempt State Creditor-Harassment Claims, 4th Circuit Rules

Divided appeals court says state claims are in keeping with federal law's goal of giving debtors "a fresh start."
4 minute read

New Jersey Law Journal

'Circumstances Have Changed': Lawyers Pitch Consolidated Talc Trials Against J&J

Lead attorneys in the talc multidistrict litigation, vowing to "proceed with alacrity," already have proposed a bellwether trial plan, which Johnson & Johnson opposed this week.
5 minute read

International Edition

Sidley Leads China Evergrande on US Bankruptcy Filing

The bankruptcy protection allows a US bankruptcy court to intervene in cross-border insolvency cases that involve foreign companies undergoing restructuring from creditors.
2 minute read

The Recorder

Judge Blasts Erika Girardi's Latest Attacks on Bankruptcy Trustee: 'You Have No Evidence'

At a hearing on Tuesday, U.S. Bankruptcy Judge Barry Russell criticized the latest opposition briefs filed by Evan Borges, a lawyer for Erika Girardi. The Girardi Keese trustee said the filings were all part of a publicity stunt.
5 minute read

International Edition

Australian Law Firms Getting Busier With Company Failures

They are experiencing strong demand for restructuring and insolvency partners and the number of distressed companies grows.
6 minute read

National Law Journal

Supreme Court Will Hear Challenge to Purdue Pharma's Bankruptcy Plan

The federal government calls the plan—approved by the Second Circuit—"an abuse of the bankruptcy system."
3 minute read

Delaware Business Court Insider

'That Was the Piggy Bank for Everyone': Lawyer for FTX Non-US Customers Weighs Bid for Recovery

Names of overseas creditors have been released by the bankruptcy court. The foreign creditors have formed an ad hoc committee represented by Eversheds Sutherland.
7 minute read

The Legal Intelligencer

Timing Is Everything: Bankruptcy Court Offers Guidance on When a Case Is Considered 'Filed'

The Bankruptcy Court thoroughly examined this issue and found that the "upload" time of a bankruptcy filing—and not the time physically "stamped" on a bankruptcy petition—determines when a case is commenced. In doing so, the Bankruptcy Court offered direction and guidelines that debtors and creditors will be well advised to observe in future cases.
8 minute read

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