TRANSACTIONAL
LITIGATION/CONTROVERSY
June 8, 2017
Bankruptcy Alert
Insolvency at Its Limits: What Management and Creditors of Insolvent LLCs and LPs Should Know About Fiduciary Duties Waivers and Standing, Inside and Outside of Bankruptcy
By Isley M. Gostin, Craig Goldblatt and George W. Shuster, Jr.
The Essential Resource for Today's Busy Insolvency Professional
The International Scene
George W. Shuster, Jr. WilmerHale Boston and New York
Benjamin W. Loveland WilmerHale Boston
George Shuster is a partner with WilmerHale in its Boston and New York offices. Benjamin Loveland is counsel in the firm's Boston office.
By George W. Shuster, Jr. and Benjamin W. Loveland
Upside Down in Chapter 15
Can U.S. Entities Qualify as "Foreign" Debtors in the U.S.?
Job candidates may choose to work for a startup to help build something new, to work in an environment that fosters and rewards creativity, or to get the thrill of climbing aboard a “rocket ship.” New employees rarely, if ever, guide the rocket ship’s trajectory, even though they often directly help determine it.
A liquidation preference is the legal mechanism in which a legal investor will get it's money out first in preference to others in a company.
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In October 2014, GT Advanced Technologies (GT), a Delaware corporation with a principal place of business in New Hampshire, filed a petition for relief under Chapter 11 of the Bankruptcy Code (Code) in the District of New Hampshire. The locus of the filing was somewhat of a surprise to many, given the steady migration of large Chapter 11 cases to the so-called “magnet” bankruptcy venues of Delaware and the Southern District of New York.