Global Insolvency | Daily News Headlines on Insolvency Developments across the Globe

Second Circuit Momentive Decision Adopts Two-Step Test for Cramdown Rate; Creates Make-Whole Circuit Split

2017-11-03

The Bottom Line

On October 20, 2017, the U.S. Court of Appeals for the Second Circuit issued a long-awaited decision in In re MPM Silicones, LLC (“Momentive”) holding that, with one important exception, that the plan of reorganization confirmed by the bankruptcy court comports with Chapter 11. Case No. 15-1682 (2d Cir. Oct. 20, 2017).

Filed under:

USA, New York, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Second Circuit

Authors:

Gregory A. Horowitz , Marsha Sukach

Location:

Firm:

Kramer Levin Naftalis & Frankel LLP

Supreme Court To Hear Dispute Over Debt Recharacterization

2017-07-11

The Bottom Line

Filed under:

USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Supreme Court of the United States, Fourth Circuit

Authors:

Location:

Firm:

Kramer Levin Naftalis & Frankel LLP

Ninth Circuit Applies Replacement Value in Cramdown Even If Lower Than Liquidation Value

2017-06-01

The Bottom Line

Filed under:

USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, US HUD, Ninth Circuit

Authors:

Location:

Firm:

Kramer Levin Naftalis & Frankel LLP

Supreme Court To Hear Dispute Over Debt Recharacterization

2017-07-11

The Bottom Line

Filed under:

USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, SCOTUS, Fourth Circuit

Authors:

Location:

Firm:

Kramer Levin Naftalis & Frankel LLP

Ninth Circuit Applies Replacement Value in Cramdown Even If Lower Than Liquidation Value

2017-06-01

The Bottom Line

Filed under:

USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, US HUD, Ninth Circuit

Authors:

Location:

Firm:

Kramer Levin Naftalis & Frankel LLP