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International Edition

Brazil's TozziniFreire Recruits Restructuring and Insolvency Partner

Gabriela Martines rejoins the firm, where she had advanced from intern to senior partner before jumping to Brazilian investment bank Itaú BBA, to help with growing caseload.
2 minute read

The Legal Intelligencer

Failure to Timely Object Can Lead to an Enormous Exemption Loophole: A Cautionary Tale

In a recently published decision, In re Masingale, 644 B.R. 530 (9th Cir. BAP 2022), the U.S. Bankruptcy Appellate Panel for the U.S. Court of Appeals for the Ninth Circuit (the BAP) held that in the absence of a timely objection, debtors who claimed a homestead exemption of "100% of FMV" in their residence had a valid exemption claim for the full fair market value of the property, including post-petition appreciation.
8 minute read

Daily Business Review

Middle Market Mindset: Options for Struggling Companies

What options does a middle-market company struggling to pay its debts have for relief? Three of the most popular are the out-of-court workout, reorganization and liquidation.
6 minute read

Daily Business Review

This New Bankruptcy Filing Option Favors Small Businesses, and Florida Is a Hot Spot

"You could modify every single one of your debts without a single creditor voting in favor of the plan," Akerman partner Eyal Berger says of Subchapter V. "That's a huge departure, and it really gives incredible leverage to get companies restructured."
4 minute read

Law.com

Johnson & Johnson Loses Talc Bankruptcy Rehearing, Plans Supreme Court Review

On Wednesday, the U.S. Court of Appeals for the Third Circuit denied Johnson & Johnson's petition to rehear its Jan. 30 decision effectively dismissing its talc bankruptcy.
4 minute read

Law.com

3M Fights Possible Deposition of CEO Mike Roman in Earplug Bankruptcy

U.S. Chief Bankruptcy Judge Jeffrey Graham, in Indianapolis, is set to take up the dispute over 3M CEO Mike Roman's possible deposition at a Wednesday hearing.
5 minute read

Delaware Business Court Insider

FTX Bankruptcy Attorneys: 'Enough Is Enough' in Delaware/Bahamas Jurisdictional Battle

A complaint in the global Chapter 11 case was filed Sunday by Sullivan & Cromwell and Landis, Rath & Cobb attorneys "in response to serial threats" to relocate the case.
3 minute read

International Edition

Host of Firms Advise on Historic UBS Takeover of Credit Suisse

Swiss firms and US firms, including Davis Polk and Sullivan & Cromwell, appear to have taken to top roles on the 'emergency rescue' over the weekend to create a banking giant with a combined market capitalization of $65 billion.
3 minute read

The American Lawyer

S&C, Davis Polk Take Lead Roles in First Republic Rescue Plan, SVB Bankruptcy

Longtime S&C senior chair Rodgin Cohen is representing First Republic, while Davis Polk is working with the 11 largest banks making investments in First Republic.
3 minute read

New York Law Journal

Recent Retail Sector Chapter 11 Filings in Spotlight

This issue of the Bankruptcy Update focuses on recent retail sector bankruptcy filings by Party City, Tuesday Morning and Independent Pet Partners.
5 minute read

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