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Hotel in San Juan, Puerto Rico

In re Hotel Airport Inc. (Bankr. D. Puerto Rico) Case no. 11-06620

Puerto Rico, Insolvency & Restructuring, Leisure & Tourism, Litigation, Real Estate, Greenberg Traurig LLP, Bankruptcy, Debtor, Leasehold estate, Accounts receivable, Interest, Personal property, Airport
Apartment buildings in Houston, Texas

In re GALP Highcross Limited Partnership (Bankr. S.D. Tex.) Case no. 11-36741
In re GALP Waters Limited Partnership (Bankr. S.D. Tex.) Case no. 11-36743

USA, Texas, Insolvency & Restructuring, Litigation, Real Estate, Greenberg Traurig LLP, Bankruptcy, Debtor, Accounts receivable, Personal property, Limited partnership
Assisted living facility in Culver City, California

In re Culver Village, LLC (Bankr. C.D. Cal.) Case no. 11-46359

USA, California, Insolvency & Restructuring, Litigation, Real Estate, Greenberg Traurig LLP, Bankruptcy, Debtor, Accounts receivable, Limited liability company, Personal property, Business license, Ford Motor Company
Shopping center in Provo, Utah

In re Provo Gateway, LLC (Bankr. D. Utah) Case no. 11-31259

USA, Utah, Insolvency & Restructuring, Litigation, Real Estate, Greenberg Traurig LLP, Bankruptcy, Debtor, Leasehold estate, Accounts receivable, Limited liability company, Personal property, Holding company
Mortgage company in Philadelphia, Pennsylvania

In re Gelt Financial Corporation (Bankr. E.D. Pa.) Case no. 11-15827

USA, Pennsylvania, Banking, Insolvency & Restructuring, Litigation, Real Estate, Greenberg Traurig LLP, Bankruptcy, Debtor, Mortgage loan, Default (finance)
Demolition and abatement company in Chesapeake, Virginia

In re East Coast Abatement Co. Inc. (Bankr. E.D. Va.) Case no. 11-73560

USA, Virginia, Insolvency & Restructuring, Litigation, Greenberg Traurig LLP, Bankruptcy, Debtor, Accounts receivable, Personal property
169-unit apartment building in Sherman Oaks, California

In re Summer View Sherman Oaks Apartments, LLC (Bankr. C.D. Cal.) Case no. 11-19800

USA, California, Insolvency & Restructuring, Litigation, Real Estate, Greenberg Traurig LLP, Bankruptcy, Debtor, Accounts receivable, Limited liability company, Personal property
Computer developer in Madison, Wisconsin

In re MicroBlade, LLC (Bankr. W.D. Wis.) Case no. 11-14981

USA, Wisconsin, Banking, Insolvency & Restructuring, IT & Data Protection, Litigation, Patents, Telecoms, Trademarks, Greenberg Traurig LLP, Bankruptcy, Debtor, Patent infringement, Accounts receivable, Limited liability company, Personal property
Shopping center properties in North Carolina

In re Piedmont Center Investments, LLC (Bankr. E.D. Wis.) Case no. 11-32453

USA, North Carolina, Insolvency & Restructuring, Leisure & Tourism, Litigation, Real Estate, Greenberg Traurig LLP, Bankruptcy, Debtor, Accounts receivable, Limited liability company, Personal property
Lehman Brothers court, building on Semcrude and Swedbank decisions, denies triangular setoff by swap counterparty

The United States Bankruptcy Court for the Southern District of New York (the Court), has held that section 553(a) of the Bankruptcy Code prohibits a swap counterparty from setting off amounts owed to the debtor against amounts owed by the debtor to affiliates of the counterparty, notwithstanding the safe harbor provision in section 561 of the Bankruptcy Code and language in the ISDA Master Agreement permitting the swap counterparty to effect “triangular” setoffs. In re Lehman Brothers Inc., Case No. 08-01420 (JMP)(SIPA) (Bankr. S.D.N.Y. October 4, 2011).

USA, New York, Derivatives, Insolvency & Restructuring, Litigation, Katten Muchin Rosenman LLP, Bankruptcy, Debtor, Collateral (finance), Safe harbor (law), Swap (finance), Debt, Common law, UBS, Lehman Brothers, Title 11 of the US Code, Delaware Supreme Court, United States bankruptcy court, US District Court for the Southern District of New York