American and British directors of corporations should be mindful of the different standards of conduct, obligations, and potential personal liability when holding directorships in Turkish companies, particularly if such companies’ financial situation is deteriorating.
Turkey, United Kingdom, USA, Company & Commercial, Insolvency & Restructuring, Locke Lord LLP, Bankruptcy, Shareholder, Business judgement rule
Court Broadens Interpretation of Code Sections Invalidating Ipso Facto Contract Provisions
USA, Insolvency & Restructuring, Litigation, Locke Lord LLP, Bankruptcy, Debtor, Collateral (finance), ISP, Interest, Swap (finance), Deed, Default (finance), Subsidiary, Lehman Brothers cases, Lehman Brothers, United States bankruptcy court, US District Court for the Southern District of New York