Federal Treasurer Josh Frydenberg announced recently that the Commonwealth Government is considering extending aspects of the ‘regulatory shield’ implemented on 24 March 2020, which provided temporary relief from certain insolvency laws for financially distressed businesses.
What showing must creditors make to be granted the right to prosecute claims on behalf of the bankruptcy estate?
USA, Insolvency & Restructuring, Litigation, Morrison & Foerster LLP, Standing (law), Debtor in possession, Uniform Commercial Code (USA), Second Circuit