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Argentina, Bondholder Talks With Mediator Rescheduled For Thursday

Settlement talks set for Wednesday between Argentina and bondholders who did not participate in the country's past debt restructuring have been rescheduled for Thursday, the court-appointed mediator said. Daniel Pollack, a New York lawyer appointed ...

Daily Headline - global.abi.org - 07/23/2014 - 21:27 - 0 comments

U.S. Judge Orders Argentina, Creditors To Meet Until Deal Reached

A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default, Re ...

Daily Headline - global.abi.org - 07/22/2014 - 21:44 - 0 comments

Judge Approves Chapter 15 Protection For Brazilian Bank

A Florida federal bankruptcy judge on Tuesday approved Brazilian bank Banco Cruzeiro do Sul SA's petition for Chapter 15 bankruptcy, a decision that will provide the bank some protection in United States courts while it continues its primary insolve ...

Daily Headline - global.abi.org - 07/16/2014 - 22:05 - 0 comments

Creditors Offer Argentina Breathing Room In Debt Restructuring Dispute

Holdout investors who rejected Argentina’s debt restructurings in the wake of its $95bn default have said they are prepared to give Buenos Aires extra time to settle, but only if the country negotiates in good faith, the Financial Times reported. Arg ...

Daily Headline - global.abi.org - 07/07/2014 - 23:07 - 0 comments

Argentina Will Not Make Holdouts Offer On Monday

Argentina will not make a formal offer to settle its dispute with holdout investors in its sovereign debt at its meeting on Monday with a court-appointed mediator, an Argentine daily wrote on Saturday, citing Economy Ministry sources. After a string of a ...

Daily Headline - global.abi.org - 07/06/2014 - 21:58 - 0 comments

Octaviar Revisited – Litigation Claim is Sufficient Basis to Obtain Chapter 15 Recognition of Australian Proceeding

On June 19, 2014, the U.S. Bankruptcy Court for the Southern District of New York in In re Octaviar Admin. Pty Ltd, Case No. 14-10438 (SCC) (Bankr. S.D.N.Y. June 19, 2014), ECF No. 18, granted the Foreign Representatives’ petition for recognition of the ...

Resource Article - twallace@abiwor... - 07/02/2014 - 10:06 - 0 comments - 0 attachments

Guidelines for Foreign Securities Issuers in the United States

Can a Foreign Issuer Participate and Present in Meetings with the Investment Community in the United States? As long as a foreign issuer is careful that no activities will constitute an offer or a sale of its securities under U.S. securities laws, it ...

Resource Article - twallace@abiwor... - 07/02/2014 - 10:04 - 0 comments - 0 attachments

The novelty of pre-packs in Jersey

Paul Omar writes on how the courts in Jersey have begun to take into account creditors’ interests within the just and equitable winding up procedure. In Jersey, many modern statutes, particularly in the commercial law arena, are modelled on their equ ...

Resource Article - twallace@abiwor... - 07/02/2014 - 10:02 - 0 comments - 1 attachment

Eighth Circuit Holds that Trademark License Granted As Part of Sale Agreement is Not Executory

On June 6, 2014, the United States Court of Appeals for the Eighth Circuit held that a trademark license agreement that Interstate Bakeries Corporation (“IBC”) entered with Lewis Brothers Bakeries, Inc. (“LBB”) as part of a sale of certain business lines ...

Resource Article - twallace@abiwor... - 07/02/2014 - 09:54 - 0 comments - 0 attachments

Supreme Court Provides Further Guidance on Bankruptcy Court Jurisdiction over Avoidance Actions

The Opinion provides jurisdictional and procedural guidance for bankruptcy courts and litigants, and is significant because the Supreme Court provides an important clarification concerning Stern’s scope and meaning. Click here to read more (N ...

Resource Article - twallace@abiwor... - 07/02/2014 - 09:47 - 0 comments - 0 attachments

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