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Western Texas Judge: Land Covenants Not Immune from Rejection

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.

USA, Insolvency & Restructuring, Litigation, Frost Brown Todd LLP, Bankruptcy, United States bankruptcy court, US District Court for Southern District of Texas
Supreme Court Ends Third-Party Releases in Bankruptcy

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

USA, Insolvency & Restructuring, Litigation, Frost Brown Todd LLP, Chapter 11, US Bankruptcy Code, Supreme Court of the United States, Pharmaceuticals, Pharmaceuticals & chemicals
Statute Broadly Defines “Claim” - Even Contingent / Unliquidated Future Breach Of Contract Claims are Captured

In its most recent precedential bankruptcy decision, the United States Court of Appeals for the Third Circuit held that a claim for breach of contract – even “contingent” or “unliquidated” – is still a claim which can be discharged in a chapter 11 plan. In re Mallinckrodt PLC, No. 23-1111 (3d Cir. Apr. 25, 2024)

USA, Insolvency & Restructuring, Litigation, Reed Smith LLP
England and Wales: overview of restructuring mechanisms and recent developments

Matthew Czyzyk, Natalie Blanc, Natalie Raine and Emily Ma, Ropes & Gray

This is an extract from the 2024 edition of GRR's Europe, Middle East and Africa Restructuring Review. The whole publication is available here.

United Kingdom, England & Wales, Compliance Management, Insolvency & Restructuring, Litigation, Global Restructuring Review, Corporate governance, Secured creditor, Liquidator (law), Directors' duties, Company voluntary arrangement, Insolvency, HM Revenue and Customs (UK), Companies Act 2006 (UK), Insolvency Act 1986 (UK), Corporate Insolvency and Governance Act 2020, Directive on Preventive Restructuring Frameworks (2019/1023/EU), Insolvency Regulation (1346/2000) (EU)
Is 2024 finally the year? Key drivers of restructuring and the UK and European commercial real estate market in 2024

Mark Fine, Usman Khan and Sunay Radia, McDermott Will & Emery

This is an extract from the 2024 edition of GRR's Europe, Middle East and Africa Restructuring Review. The whole publication is available here.

European Union, United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Real Estate, Global Restructuring Review, Private equity, Insolvency
Saudi Arabia: Key developments of the Bankruptcy Law and latest trends

Amar Meher, Addleshaw Goddard LLP

This is an extract from the 2024 edition of GRR's Europe, Middle East and Africa Restructuring Review. The whole publication is available here.

This is an Insight article, written by a selected partner as part of GRR's co-published content. Read more on Insight

Saudi Arabia, Insolvency & Restructuring, Global Restructuring Review
Greece: Significant reform to insolvency law

Alexandros Kontogeorgiou and Georgia Papathanasiou, Kontogeorgiou Bakopanou & Associates Law Firm

This is an extract from the 2024 edition of GRR's Europe, Middle East and Africa Restructuring Review. The whole publication is available here.

Greece, Compliance Management, Insolvency & Restructuring, Litigation, Global Restructuring Review, Transfer pricing, Articles of association, Insolvency, European Commission, Bankruptcy Code (2020/4738) (Greece), Directive on Preventive Restructuring Frameworks (2019/1023/EU)
Switzerland: one year after the revision of the Swiss Restructuring Law and potentially viable restructuring approaches from a corporate law perspective

Alexander Vogel and Marc Baumberger, MLL Legal

This is an extract from the 2024 edition of GRR's Europe, Middle East and Africa Restructuring Review. The whole publication is available here.

Switzerland, Company & Commercial, Insolvency & Restructuring, Litigation, Global Restructuring Review
Distressed Tenants and Landlords' Options

First, the not-so-great news in figures:

United Kingdom, Insolvency & Restructuring, Real Estate, Reed Smith LLP, Liquidation
UK Employment Law Update - December 2023

Welcome to our monthly newsletter, with a summary of the latest news and developments in UK employment law.

In this issue

  • Case law updates
  • Legislative developments
  • Other news
  • New guidance
  • Consultations

 Recent publications

United Kingdom, Scotland, Compliance Management, Employment & Labor, Insolvency & Restructuring, Litigation, Tax, Reed Smith LLP, Gender pay gap, Unfair dismissal, Insolvency, HM Revenue and Customs (UK), Deliveroo, Leahy-Smith America Invents Act 2011 (USA), Transfer of Undertakings (Protection of Employment) Regulations 2006 (UK), Supreme Court of the United States, UK Supreme Court, Employment Appeal Tribunal