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    Remember--reorganizations may require prior FCC approval
    2011-03-16

    On February 8, 2011, the Federal Communications Commission (FCC) entered into a Consent Decree with Turner Broadcasting Systems, Inc. (Turner) relating to Turner's failure to seek prior FCC approval before consummating an internal restructuring. The Consent Decree reminds parties that it is important to comply with all pre-approval requirements relating to the assignments or transfers of control of Commission licenses.

    Filed under:
    USA, Insolvency & Restructuring, Media & Entertainment, Wiley Rein LLP, Regulatory compliance, Consent decree, Consent, Subsidiary, European Commission, Federal Communications Commission (USA), US Department of the Treasury
    Location:
    USA
    Firm:
    Wiley Rein LLP
    International carrier settles transfer of control violations with FCC
    2011-12-12

     On December 7, the FCC adopted a consent decree with an international carrier resolving several alleged transfers of FCC authorizations without prior approval.  This marks the latest in a series of enforcement actions in the area of ownership violations.  Many of these involve carriers providing foreign terminations.   The consent decree underscores the importance for all regulated carriers to monitor changes in ownership, even pro forma changes, and to seek prior FCC approval for the changes. 

    Filed under:
    USA, Insolvency & Restructuring, Telecoms, Kelley Drye & Warren LLP, Consent decree, Federal Communications Commission (USA)
    Location:
    USA
    Firm:
    Kelley Drye & Warren LLP
    No right to postpone
    2007-03-23

    The claimant appealed against a decision that her former husband’s one third interest in the matrimonial home vested in his trustee in bankruptcy (the first defendant) free from any rights asserted by her, so permitting an order for possession and sale of the property. The claimant argued that pursuant to a matrimonial consent order made prior to the bankruptcy, she had a right of exclusive occupation of the property until remarriage, cohabitation or death.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Gowling WLG, Bankruptcy, Consent decree, Interest, Marriage, Insolvency Act 1986 (UK), Trustee
    Location:
    United Kingdom
    Firm:
    Gowling WLG

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