Public and private entities can access the U.S. capital markets without registering the offering with the U.S. Securities and Exchange Commission (SEC) by issuing securities under Rule 144A and/or Regulation S of the U.S. Securities Act of 1933, as amended (the Securities Act). http://www.pepperlaw.com/publications_update.aspx?ArticleKey=2656

No New Deadlines. No rule making requirements were due in May. 0 Requirements Met, 1 Proposed.

THE INTERNATIONAL SCENE: Dialing in Scope of Chapter 15 Relief (citation: Robert Miller, Dialing in Scope of Chapter 15 Relief, XXXII ABI Journal 5, 42-43, 86, June 2013) - Robert Miller

THE INTERNATIONAL SCENE: DIP Priority Clarified, but Deemed Trust Ruling Raises Other Questions (citation: Christopher Besant, Frank Spizzirri and Shaheen Karolia, DIP Priority Clarified, but Deemed Trust Ruling Raises Other Questions, XXXII ABI Journal 5, 40-41, 87-88, June 2013) - Christopher Besant, Shaheen Karolia and Frank Spizzirri

ABI Law Review Article: The Use of Foreign Avoiding Powers under Section 1521(a)(7) in Chapter 15 Cases (Summer 2013, Vol. 21, No. 1) - Katelyn Trionfetti

Bankruptcy Litigation Panel (2013 ABI New York City Bankruptcy Conference - Peter V. Pantaleo, Hon. Carla E. Craig, Robin E. Keller, Kenneth Pasquale, Steven J. Reisman, Ken Ziman

Comparison of U.S. vs. European Distressed Debt Market and Restructuring Environment (2013 ABI New York City Bankruptcy Conference - Wilbur L. Ross Jr., Rick Morris, Marc A. Broude, Lisa G. Beckerman, Daniel B. Kamensky, Ben Pickering

Complex Cross-Border Bankruptcy Issues (Chapter 15) (2013 ABI New York City Bankruptcy Conference) - Alan W. Kornberg, Kenneth A. Buckfire, Hon. Martin Glenn, Gary L. Kaplan, Madlyn Gleich Primoff, Glenn E. Siegel

Appraisal, or dissenters’, rights, long an M&A afterthought, have recently attracted more attention from dealmakers as a result of a number of largely unrelated factors. By way of brief review, appraisal rights are a statutory remedy available to objecting stockholders in certain extraordinary transactions.

Chapter 11 has been a leading US “export” in the last ten years, with countries around the world modernising their insolvency laws, many using Chapter 11 as an example. Since its enactment in 1978, the US Bankruptcy Code has become an essential business tool for distressed companies in the US.