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First Circuit decision fails to relieve Puerto Rico's debt crisis

Introduction

Puerto Rico, USA, Insolvency & Restructuring, Litigation, Public, Caplin & Drysdale, Chartered, First Circuit
Supreme Court: decisions denying plan confirmation not appealable as of right

Introduction

USA, Insolvency & Restructuring, Litigation, Caplin & Drysdale, Chartered
Supreme Court rejects stripping-off of underwater mortgages in bankruptcy

In March 2015 in Bank of America NA v Caulkett the Supreme Court considered whether debtors in a Chapter 7 bankruptcy liquidation could invoke Section 506(d) of the Bankruptcy Code to void or 'strip off' the junior mortgage liens on their homes when the senior mortgage debt exceeded their homes' current value (for further details please see "Supreme Court considers junior liens on 'underwater' property").

USA, Insolvency & Restructuring, Litigation, Caplin & Drysdale, Chartered, Debtor, Bank of America
Wellness International: litigants may consent to adjudication by bankruptcy courts

Introduction

USA, Insolvency & Restructuring, Litigation, Caplin & Drysdale, Chartered, United States bankruptcy court
Supreme Court considers junior liens on 'underwater' property

Introduction

USA, Insolvency & Restructuring, Litigation, Caplin & Drysdale, Chartered, Debtor, Secured creditor, Eleventh Circuit
Fairfield Sentry and the limits of comity in Chapter 15 cases

Introduction

USA, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Caplin & Drysdale, Chartered, Comity, Intangible property, United States bankruptcy court
Appeal Court expands stockbroker defence to non-securities transactions

Introduction

USA, Insolvency & Restructuring, Litigation, Caplin & Drysdale, Chartered, Security (finance), Second Circuit
Changes to the Uniform Fraudulent Transfer Act approved

Introduction

Change of name

Choice of law

USA, Insolvency & Restructuring, Caplin & Drysdale, Chartered, Choice of law
Supreme Court on powers of bankruptcy courts after Stern

Introduction

USA, Insolvency & Restructuring, Litigation, Caplin & Drysdale, Chartered, Supreme Court of the United States, United States bankruptcy court
Third Circuit rules failure to appeal leaves union and its retirees without a remedy

On August 28, 2014, the Court of Appeals for the Third Circuit[1] delivered a stern admonition about the risk of failing to appeal when it ruled that a union that had not filed a notice of appeal could not benefit from a successful appeal by another union in the same matter.

USA, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Caplin & Drysdale, Chartered, Trade union, Third Circuit