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.

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

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.

On April 5, 2012, the Second Circuit issued an important decision clarifying the contours of the “safe harbor” provision of the Digital Millennium Copyright Act that limits the liability of online service providers for copyright infringement.

 

Frank A. Mayer, III | [email protected]

THE INTERNATIONAL SCENE: Sovereign Debt Restructurings: Global Effects and Lessons Learned from the U.S. (citation: Jo Ann J. Brighton, James A. Katchadurian and Nicholas M. McGrath, Sovereign Debt Restructurings: Global Effects and Lessons Learned from the U.S., XXXI ABI Journal 1, 44-45, 67, February 2012 - Jo Ann J. Brighton, James A. Katchadurian and Nicholas M. McGrath