IN RE: MEYERS (August 2, 2010)

SMITH v. SIPI, LLC (July 27, 2010)

IN RE: SOLIS (July 9, 2010)

IN RE: MCKINNEY (June 23, 2010)

IN RE: SOUTH BEACH SECURITIES (May 19, 2010)

IN RE: ALTHEIMER & GRAY (April 15, 2010)

IN RE: REPOSITORY TECHNOLOGIES, INC

I. Introduction Readers may be familiar with the use in the UK of Schemes of Arrangement to achieve closure of insurance and reinsurance business.

I. Introduction

When entering into a reinsurance agreement, a ceding company and a reinsurer may also enter into a related reinsurance trust agreement  

In an October 13, 2009 decision involving bankrupt homebuilder TOUSA, Inc. (“TOUSA”), the United States Bankruptcy Court for the Southern District of Florida (the “Court”) avoided as fraudulent transfers certain liens given and debt obligations incurred by several of TOUSA’s subsidiaries to a syndicate of lenders who provided $500 million of new loans to TOUSA. In addition, the Court ordered those lenders, and others that received the proceeds of the new loans, to repay hundreds of millions of dollars to the bankrupt estates of these subsidiaries.