A recent English case has considered for the first time whether and if so to what extent the general duties of a director survive a company’s entry into an insolvency process.
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, DAC Beachcroft, Liquidation, Insolvency Act 1986 (UK)
The good news is that public works construction projects for municipalities are projected to remain a major sector of construction activity for the foreseeable future. The not-so-good news is that municipal bankruptcy filings are on the rise, and they are likely to increase. The issues facing parties under contract with a municipality when it files for bankruptcy protection are playing out nationally in places like Stockton, California, and Detroit, Michigan.
USA, Insolvency & Restructuring, Projects & Procurement, Duane Morris LLP, Bankruptcy, Title 11 of the US Code