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Nortel Takes Another Step Toward Wrapping Up Bankruptcy Case

Judges in Canada and the U.S. on Thursday approved materials explaining Nortel Networks Corp.’s creditor-repayment plan, inaugurating the beginning of the end of one of the priciest bankruptcies on record, The Wall Street Journal reported. Thursday’s ...

Daily Headline - global.abi.org - 12/01/2016 - 22:25 - 0 comments

U.S. Watchdog Says Abengoa Unit's Reorganization Violates Law

A Chapter 11 bankruptcy exit plan by Abengoa SA's main U.S. subsidiary, Abeinsa Holding Inc, violates the law by shielding the Spanish renewable energy parent from lawsuits, according to the U.S. government's bankruptcy watchdog, Reuters report ...

Daily Headline - global.abi.org - 12/01/2016 - 22:26 - 0 comments

Abengoa Asks U.S. Court To Prevent Lawsuits By Rebel Creditors

Spanish renewable energy and engineering firm Abengoa SA has asked a U.S. bankruptcy court to enjoin legal action and future claims by creditors who are unsatisfied with a high-stakes plan to restructure $10 billion of debt, Reuters reported. Abengoa, a ...

Daily Headline - global.abi.org - 11/21/2016 - 20:59 - 0 comments

Alert: IRS Issues Proposed Regulations on "Device" and "Active Trade or Business" Rules Under Section 355

IRS Issues Proposed Regulations on “Device” and “Active Trade or Business” Rules Under Section 355 Background and Executive Summary On July 14, 2016, the Internal Revenue Service and the U.S. Treasury Department issued proposed regulations that ...

Resource Article - twallace@abiwor... - 08/10/2016 - 10:01 - 0 comments - 0 attachments

[SPAM] Restructuring Global Insight: What happened to the price of oil? | the legend of Leicester Football Club | VAT claim haircuts in Italy | & more (Attorney Advertising)

Welcome to issue 17 of Restructuring Global Insight, bringing you reports on breaking legal developments in restructuring law across borders and in jurisdictions around the world. Read more. (United States) bankruptcy,insolvency,headlines ...

Resource Article - twallace@abiwor... - 08/10/2016 - 09:58 - 0 comments - 0 attachments

IMPORTANT: Creation of the "RAIF" or "Reserved Alternative Investment Fund"

The Bill n°6929 on reserved alternative investment funds was adopted yesterday by the Luxembourg Parliament and shall come into force three (3) days after its publication in the official Gazette (the "RAIF Law"). The RAIF Law creates an unr ...

Resource Article - twallace@abiwor... - 08/10/2016 - 09:56 - 0 comments - 0 attachments

Alert: PROMESA becomes law – all businesses in Puerto Rico will be affected by this rescue package – key points (Attorney Advertising)

JULY 5, 2016 PROMESA BECOMES LAW: ALL BUSINESSES IN PUERTO RICO WILL BE AFFECTED – KEY POINTS ABOUT THIS SWEEPING RESCUE PACKAGE Read more. (United States) bankruptcy,insolvency,headlines,articles,legislatives,debt,resources,insol,Uni ...

Resource Article - twallace@abiwor... - 07/12/2016 - 09:16 - 0 comments - 0 attachments

Lehman Bankruptcy Court Holds Provisions in Lehman CDOs Setting Payment Priority Are Enforceable and Protected by Safe Harbor

Lehman Bankruptcy Court Holds Provisions in Lehman CDOs Setting Payment Priority Are Enforceable and Protected by Safe Harbor Last week, the U.S. Bankruptcy Court for the Southern District of New York held in Lehman Brothers Special Financing Inc. v. ...

Resource Article - twallace@abiwor... - 07/12/2016 - 09:15 - 0 comments - 0 attachments

Alert: IRS Proposed Regulations Clarify Section 409A Deferred Compensation Issues

IRS Proposed Regulations Clarify Section 409A Deferred Compensation Issues On June 21, 2016, the IRS proposed clarifying regulations under Section 409A on which taxpayers may immediately rely. Read more. (United States) bankruptcy,in ...

Resource Article - twallace@abiwor... - 07/12/2016 - 09:14 - 0 comments - 0 attachments

Alert: On Your MARks: New EU Market Abuse Regime Now in Force

On Your MARks: New EU Market Abuse Regime Now in Force Overview From 3 July 2016, the EU Market Abuse Regulation (MAR) has direct effect across the EU, replacing the EU Market Abuse Directive (MAD). Pending the UK’s exit from the EU (and depend ...

Resource Article - twallace@abiwor... - 07/12/2016 - 09:11 - 0 comments - 0 attachments

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