Judge Parker of the U.S. Bankruptcy Court for the Western District of Texas recently issued an order in the case of Hilltop SPV, LLC, granting debtor Hilltop SPV LLC’s (“Hilltop”) motion to reject a Gas Gathering Agreement (“GGA”) with counter-party Monarch Midstream, LLC (“Monarch”).[1] This decision allows Hilltop to reject the GGA while allowing Monarch to retain the covenants that run with the land post-rejection.

Harrington v. Purdue Pharma L.P., 144 S. Ct. 2017 (June 27, 2024)

From July 21, the reform of rules on prospectuses, intended to establish a common rulebook across the EU to encourage financing through capital markets, will directly apply in Spain.

The perspective of a ahot summer arriving is an excellent opportunity to take a look at the most relevant events that occured on the second quarter of 2019.

On an international level, and in contrast with the previous quarters, few events are worth mentioning.

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If there’s a golden rule for the online age we live in, it’s “Always assume anything you post online will be visible to all.” Just like the original Golden Rule, it’s a maxim ignored often enough to bear repeating and frequent illustration. With that in mind, let’s check in on recent developments regarding social media revealing details its users would rather conceal—bankruptcy edition.

Insolvency & Restructuring partner Cecily Dumas recently moderated a panel on special bankruptcy issues in connection with LLCs during the American Bankruptcy Institute’s Bankruptcy 2017: Views from the Bench event at the Georgetown University Law Center in Washington, DC. During the panel, Dumas and four bankruptcy court judges discussed the viability of bankruptcy-remote LLC structures and the fiduciary duties of members. The group also explored derivative claims, special concerns regarding single-member LLCs, and sales of LLC interests.

A Primer for Issuer Tender Offers, Debt Exchange Offers, Repurchases and Other Liability Management Matters

This primer is a one-stop comprehensive guide for any issuer seeking to restructure its non-convertible debt securities outside of bankruptcy. This publication:

• summarizes the U.S. federal securities laws, rules and regulations that apply to debt restructurings;

• describes various types of debt restructurings; and

• discusses various practical considerations arising in debt restructurings.

The recent Spanish Peaks decision from the Ninth Circuit (covering Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon and Washington) deepens the split in case law on the ability to strip off leases in a landlord/borrower bankruptcy.