The sudden and spectacular failure of three regional banks within a week has pushed all other business stories off the front pages and has financial markets anxiously asking where the fallout stops. As unique as the underlying causes of each failure were, at their core these were all good old-fashioned bank runs triggered by liquidity issues.
In a decision that once again evidences the Fifth Circuit’s strong stance on the finality of asset sales in bankruptcy absent a stay of the applicable order, on March 8, 2023 the United States District Court for the Southern District of Texas published a memorandum opinion and order affirming a bankruptcy court’s exercise of Bankruptcy Code provisions to strip subrogation rights of certain sureties (the “Sureties”) against an asset purchaser.
For at least the past decade, federal bankruptcy courts have routinely prohibited cannabis businesses from seeking protection under federal bankruptcy law, regardless of whether a cannabis business is legally operating under state law.
The law can be slow to adapt to emerging technologies such as cryptocurrency. However, with a thorough knowledge of existing legal avenues, adaptation is not always necessary. Macpherson Kelley recently acted in a case that demonstrates how trustees in bankruptcy can use existing tools at their disposal to investigate, and ultimately recover, cryptocurrency held by bankrupts.
Identifying and locating cryptocurrency
If a trustee becomes aware that a bankrupt has owned or traded in cryptocurrency assets, the trustee will normally:
The fallout from Silicon Valley Bank’s (SVB) closure continues to unfold, with SVB’s parent company – SVB Financial Group – filing for protection under chapter 11 of the Bankruptcy Code on Friday, March 17th.
Tijdens het Stibbe Annual Debt Finance seminar dat in februari 2023 op het Stibbe kantoor in Amsterdam werd gehouden, werd onder andere gesproken over de tegenwind op de financiële markten en de gevolgen daarvan voor financieringstransacties. Na een schets van de stand van de financiële markten en de vooruitzichten voor 2023 door Marieke Driesen, sprak Niek Groenendijk over de mogelijkheden voor een kredietnemer om zich te wapenen tegen onvoorziene omstandigheden, de belangen van financiële convenanten en andere valkuilen in de financieringsdocumentatie.
1. INTRODUCTION
职工债权是破产程序中常见的债权种类，其在我国破产制度下获得一定的优先保护，是破产企业、管辖法院、职工债权人、担保债权人及其他债权人等主体共同关注的焦点。但实践中不乏关于破产程序中职工债权范围、确认程序、清偿顺序等争议，有关争议处理效果将影响破产程序能否有效推进，关乎劳动关系妥善处理、职工权益保护、债权人利益平衡等目的的实现。鉴于此，本文拟在界定职工债权范围的基础上厘清职工债权在破产程序中的确认程序、清偿顺序、职工债权组分组与表决等问题，为司法实践提供有益参考。
一、职工债权范围
（一） 什么是职工债权？
我国现行法律规定未对职工债权进行明确的定义。实践中，“职工债权”通常又称为“劳动债权”，是职工对用人单位所享有的金钱之债，包括但不仅限于工资、奖金、报销款、应签未签劳动合同双倍工资、年休假补偿、解除或终止劳动合同的经济补偿等，在未涉及破产程序的情况下，职工享有的前述债权并无清偿顺序先后之分。
Introducción
Este mes las resoluciones reseñadas son menos y de menor relevancia que el mes pasado. Destacamos en todo caso el auto de homologación de uno de los primeros planes de restructuración aprobados tras la entrada en vigor de la nueva ley 16/2022 con una peculiar formación de clases donde muchas de ellas son clases unipersonales.
También destacamos un auto del Juzgado de lo Mercantil número 3 de Gijón que niega el embargo preventivo de los bienes de los administradores de la concursada por no apreciarse que vaya a existir un déficit concursal.
A recent U.S. bankruptcy court opinion out of the Central District of California may have cracked the door open for companies formerly tied to the cannabis industry to pursue legal strategies using bankruptcy. Federal prohibitions on cannabis have complicated the industry’s entitlement to legal protections, including chapter 11 bankruptcy. Judge Neil W.