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New York Law Journal

Scheme Proceeding Commenced by Cayman Holding Company To Restructure Its New York Governed Debt Incurred To Support Chinese Real Estate Operations Obtains Recognition Under Chapter 15 in 'Modern Land'

The Bankruptcy Court for the Southern District of New York recently recognized a scheme of arrangement sanctioned by a court in the Cayman Islands, the debtor's place of incorporation, even though the debtor conducts substantially all of its business operations in the People's Republic of China.
13 minute read

Supreme Court Brief

Sotomayor & Bankruptcy Judges | Privilege & Dual Purpose Communications | Justices' Papers

An opinion by Justice Sonia Sotomayor proved to be the key to a pro-debtor amendment to the federal bankruptcy rules which have been approved for public comment.
7 minute read

New Jersey Law Journal

Legit or Abusive? Businesses Argue for Bankruptcy Protection as Talc Lawsuits Mount

The U.S. Chamber of Commerce, the American Tort Reform Association, the National Association of Manufacturers, the Product Liability Advisory Council and the Washington Legal Foundation filed amicus briefs on Monday before the U.S. Court of Appeals for the Third Circuit backing the Chapter 11 case of Johnson & Johnson subsidiary LTL Management.
4 minute read

National Law Journal

Courts Should Not Sanctify 3M's Bankruptcy Ploy

There is a name for 3M's recent litigation strategy: forum shopping. The law disfavors forum shopping, and the courts—in bankruptcy or otherwise—should do nothing to encourage it.
5 minute read

The Legal Intelligencer

Endo's Bankruptcy Pauses Pa.'s Coordinated Opioid Litigation

The pharma company's petition raises questions as to who will lead the defense team in the matter, which has already been criticized as progressing at a slow pace.
4 minute read

New York Law Journal

First Department Rejects Bankruptcy Trustee Motion to Reinstate Fraud Claim That Wasn't Decided on the Merits

The trustee of a daughter's bankruptcy estate on Tuesday was denied a motion to reinstate a fraud claim against the daughter's mother by a state appeals court that said the fraud claim had already been "adjudicated," even the lower court never decided that specific claim on the merits.
4 minute read

Law.com

The Fall of Endo? 34 AGs Support $450M Payment From Bankrupt Opioid Manufacturer

Opioid drug manufacturer Endo Pharmaceuticals filed a Chapter 11 petition late Tuesday, agreeing to provide $450 million to state and local governments.
4 minute read

New York Law Journal

Cryptocurrency Restructurings in the Southern District of New York

In this edition of his Bankruptcy Update, Edward E. Neiger focuses on Voyager Digital and Celsius Network bankruptcy filings amid a new wave of cryptocurrency-related restructurings.
4 minute read

Daily Business Review

3M on Thin Ice: Judge Puts Kibosh on Company 'Attacking This Court's Prior Orders' in Bankruptcy

U.S. District Judge M. Casey Rodgers, invoking the All Writs Act on Tuesday, ordered 3M not to challenge her rulings in bankruptcy court, where its subsidiary filed a Chapter 11 case last month citing a multidistrict litigation proceeding "broken beyond repair."
5 minute read

Daily Business Review

Q&A: Greenspoon Marder Leaders Reveal the Strategy Behind New Practice Areas and Geographic Expansion

In spite of recessionary headwinds, co-managing director Gerry Greenspoon and deputy managing partner Rebecca Faith Bratter are forecasting a record year for the Am Law 200 firm.
8 minute read

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