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Corinthian’s Canadian Subsidiary Files for Bankruptcy

The Canadian subsidiary of embattled for-profit education company Corinthian Colleges Inc. has filed for bankruptcy under Canada’s insolvency law after an Ontario education regulator took action against the company’s 14 Canadian campuses, The Wall Stre ...

Daily Headline - global.abi.org - 02/23/2015 - 21:25 - 0 comments

Davis Polk’s Global Distress Signal | Winter 2015 Issue

Global Distress Signal takes an in-depth look at: Recent developments in U.S. cross-border insolvency cases, including important court decisions that could significantly impact both U.S. and non-U.S. clients and practitioners Emerging trends in g ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:56 - 0 comments - 0 attachments

Privy Council Guidance on Rectification of BVI Share Registers and Service Out

In a recent opinion, the Privy Council has given definitive guidance on the operation of the statutory scheme in the British Virgin Islands (“BVI”) for the rectification of share registers, particularly in the context of applications to serve parties out ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:51 - 0 comments - 0 attachments

Bankruptcy Court Defers to Caesars’ Choice of Venue

On February 2, 2015, Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware held that the venue choice of embattled debtor Caesars Entertainment Operating Company (“CEOC”) was “entitled to just enough deference” to support a finding ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:43 - 0 comments - 0 attachments

Conyers Dill & Pearman - Bulletin - The BVI for Financing of Corporate and Private Aircraft

The British Virgin Islands is becoming an increasingly popular jurisdiction for aviation finance transactions in both the commercial and business jet sectors. Among the reasons for this are the British Virgin Islands’ tax neutral status, its political st ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:35 - 0 comments - 0 attachments

Conyers Dill & Pearman - Alert - Submission to jurisdiction and ‘impracticability’ of service

In a recent decision of the BVI Commercial Court in Claim No. BVIHC (COM) 062 of 2014 between JSC VTB Bank -v- Alexander Katunin and Sergey Taruta, the Court determined that the first Defendant submitted to jurisdiction by his conduct, in the face of rep ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:32 - 0 comments - 0 attachments

Revised Hart-Scott-Rodino Act Thresholds Announced

The Federal Trade Commission (“FTC”) announced revisions to the Hart-Scott-Rodino (“HSR”) Act filing thresholds on January 15, 2015. The HSR Act requires annual adjustment of the thresholds based on the change in the U.S. gross national product. All thre ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:12 - 0 comments - 0 attachments

Target Canada Reaches Deal With Landlords To Sell Store Leases

Target Canada has reached an agreement with its landlords on the sale of leases for the closing of Target retail stores, CBC.ca reported. Documents filed with an Ontario court say both sides have agreed to a court-appointed monitor to supervise the sale, ...

Daily Headline - global.abi.org - 02/10/2015 - 22:44 - 0 comments

US Holders Of Defaulted Argentine Bonds Step Up Campaign For Full Repayment Of Loans

US holders of defaulted Argentine bonds have stepped up their campaign for full repayment of their loans by detailing how 14 senior Argentine officials experienced “dramatic and often unexplained increases” in their personal wealth during service in the ...

Daily Headline - global.abi.org - 02/10/2015 - 22:49 - 0 comments

Valeant To Buy Bankrupt Vaccine Maker Dendreon

Valeant Pharmaceuticals International Inc will scoop up bankrupt cancer vaccine maker Dendreon Corp, after no additional qualified bids came forward by Tuesday's deadline, Valeant said. A potential buyer dropped from the bidding process, three sourc ...

Daily Headline - global.abi.org - 02/10/2015 - 22:51 - 0 comments

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