Standing Room Only: SCOTUS Accepts Review of Circuit Split on Whether Insurer is a Party in Interest in Policyholder’s Bankruptcy

The United States Supreme Court recently accepted review of In re Kaiser Gypsum Co., Inc., 60 F.4th 73 (4th Cir.

Filed under:
USA, Insolvency & Restructuring, Insurance, Litigation, Hunton Andrews Kurth LLP, Supreme Court of the United States, Fourth Circuit
Authors:
Michael S. Levine , S. Alice Weeks
Location:
USA
Firm:
Hunton Andrews Kurth LLP
Silicon Valley Bank: What the 2nd Largest US Bank Failure Means for Policyholders

In the second largest US bank failure since the 2008 global financial crisis, the California Department of Financial Protection and Innovation took over Silicon Valley Bank (“SVB”) on March 10 and appointed the Federal Deposit Insurance Corporation (“FDIC”) as SVB’s receiver. Just two days later, the New York State Department of Financial Services took over another bank, Signature Bank, and appointed the FDIC as receiver. And, yesterday, the share price of various European banks plunged following record one-day selloffs.

Filed under:
USA, Banking, Insolvency & Restructuring, Hunton Andrews Kurth LLP, Venture capital, Due diligence, Insolvency, Federal Deposit Insurance Corporation (USA), US Department of the Treasury, HSBC, Silicon Valley Bank
Authors:
Syed S. Ahmad , Andrea DeField , Geoffrey B. Fehling , Michael S. Levine , Jorge R. Aviles
Location:
USA
Firm:
Hunton Andrews Kurth LLP