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New York Law Journal

Congress Seeks To Restrict Nondebtor Releases in New Bankruptcy Reform Bill

While some of the concerns regarding nonconsensual third-party releases may be valid, the Nondebtor Release Prohibition Act of 2021 goes too far in limiting what can, in the right circumstances, be a valuable tool in restructurings.
8 minute read

New York Law Journal

Understanding When the Bankruptcy Stay Keeps the Government at Bay

General experience with the §362 automatic stay in bankruptcy proceedings might lead counsel who are not bankruptcy specialists to conclude that the stay covers all parties in the same way, including government entities. The correct answer is both yes—and no.
14 minute read

New York Law Journal

Shining a Light on Structured Dismissals

This article provides a discussion of the June 9, 2021 decision 'In re KG Winddown,' where U.S. Bankruptcy Judge Martin Glenn clarified some unresolved issues about structured dismissals in Chapter 11 bankruptcy cases that stemmed from the 2017 U.S. Supreme Court decision in 'Czyewski v. Jevic Holding.'
7 minute read

Connecticut Law Tribune

Nevins to Be Elevated to Federal Court's Chief Bankruptcy Judge Oct. 1

Ann Nevins will become the federal court system's next chief bankruptcy court judge effective Oct. 1.
4 minute read

International Edition

Freshfields Frankfurt Office Searched Yet Again as Cum-Ex Investigation Rumbles On

The firm's base has already been searched several times in recent years.
2 minute read

National Law Journal

Pressure Grows for Justices to Review Judge-Made Bankruptcy Rule

Critics say "equitable mootness" is constitutionally questionable because it denies appellants the right to an appeal on the merits.
8 minute read

Daily Business Review

An Unconditional and Irrevocable Personal Guaranty Not Always the Case When a Bankruptcy Court Is Involved

On Aug. 19, the Bankruptcy Court for the Eastern District of Wisconsin issued a decision that serves as a warning and a reminder for business and individuals alike who obtain personal guarantees as part of their business dealings. Indeed, an unconditional, absolute and irrevocable personal guaranty may not be so after all.
5 minute read

The Recorder

Bankruptcy Trustee Seeks $1.3M From Avenatti's Ex-Partner Michael Eagan

A new complaint accuses Eagan and his solo practice of accepting money from Avenatti between 2014 and 2016 that Eagan allegedly knew should have instead gone to Eagan Avenatti's growing list of creditors.
6 minute read

International Edition

Ex Allen & Overy Restructuring Partner Joins Stephenson Harwood

The partner had been part of the firm's highly rated practice since 2012.
2 minute read

Daily Business Review

These South Florida Receivers Are Tired of Being the Only Women in the Room

"I think people sometimes try to bully us because we're women. They come at you much more aggressively to see if that will rattle you."
7 minute read

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