On May 15, 2012, the United States Court of Appeals for the Eleventh Circuit issued an opinion in In Re: TOUSA, INC., et al. (Case No. 11-11071; to see the full opinion, click here).

As insolvency matters continue to grab headlines on almost a daily basis, it is helpful to consider the many significant developments in 2011 that have influenced the current environment.

Dueling Debtors, Receivers and Liquidators: Complex Cross-Border Disputes in Bankruptcies - Daniel Kamensky, Evan C. Hollander, Hon. Allan L. Gropper, Lisa G. Beckerman, Paul D. Leake, William Q. Derrough

TURNAROUND TOPICS: Misconceptions that Cause Distress for U.S. Companies Going Global (citation: Sandra A. Reese, Jason D. Ramey and Abhi Hazarika, Misconceptions that Cause Distress for U.S. Companies Going Global, XXXI ABI Journal 4, 14, 76-78, May 2012) - Sandra A. Reese, Jason D. Ramey and Abhi Hazarika

16/4/2012: It started out like "Mission: Impossible" but has ended up more like "Meet the Fockers," minus the comedy. Western governments' emergency interventions in the financial sector during the 2007-2009 crisis and the more recent European turmoil have led to a messy relationship riddled with distrust and misunderstandings. The situation is understandable in the short-term but untenable in the long-run. In the U.S.

Chapter 15 of the US Bankruptcy Code relates to international insolvency proceedings. Specifically, Chapter 15 regulates bankruptcy proceedings filed in the US that are “ancillary” to an insolvency proceeding in another country.

On April 19, 2012, the Lehman bankruptcy court handed down its decision on the long-pending motion to dismiss filed by JPMorgan Chase Bank, N.A., in response to Lehman Brothers Holdings Inc.’s $8.6 billion avoidance action against it.

Handling IP Asset Issues in the Distressed Small Business - Beverly A. Berneman, Thomas L. Irving, David Peress, Victor A. Vilaplana