Global Insolvency | Daily News Headlines on Insolvency Developments across the Globe

Flamingo court holds joint venturer can't feather claims nest

2011-08-10

The Bottom Line:

Filed under:

USA, Insolvency & Restructuring, Litigation, Real Estate, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Surety, Debtor, Limited liability company, Foreclosure, Joint and several liability, US Code, Ninth Circuit, United States bankruptcy court, Trustee

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Location:

Firm:

Kramer Levin Naftalis & Frankel LLP

Forget about buying your way out of “cramdown” in the Ninth Circuit

2012-10-23

The Bottom Line:

Filed under:

USA, Banking, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Debtor, Ninth Circuit, United States bankruptcy court, Bankruptcy Appellate Panel

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Firm:

Kramer Levin Naftalis & Frankel LLP

Post-confirmation litigation – the devil is in the disclosure statement

2011-08-03

The Bottom Line:

Filed under:

USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Shareholder, Debtor, Dividends, Interest, Federal Reporter, Limited liability company, Discovery, Standing (law), Liquidation, Common law, United States bankruptcy court, Fifth Circuit

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Kramer Levin Naftalis & Frankel LLP

Channel surfing – a look at recent circuit decisions on 524(g) channeling injunctions

2012-07-23

Channel 1 – Thorpe Insulation Addresses Insurer Standing to Object to Plan and Assignability of Insurance Contracts to Plan Trusts

Bottom Line:

Filed under:

USA, Insolvency & Restructuring, Insurance, Litigation, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Debtor, Injunction

Location:

Firm:

Kramer Levin Naftalis & Frankel LLP

Who’s SARE-y now? No “whole business enterprise” exception to single asset real estate provisions of Bankruptcy Code

2012-06-25

The Bottom Line:

Filed under:

USA, Insolvency & Restructuring, Litigation, Real Estate, Kramer Levin Naftalis & Frankel LLP, Debtor, Bank of America

Location:

Firm:

Kramer Levin Naftalis & Frankel LLP

Stern v. Marshall – bankruptcy court jurisdiction: cut to the core

2011-07-11

The Bottom Line:

Filed under:

USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Punitive damages, Bankruptcy, Debtor, US Constitution, Article III US Constitution, SCOTUS, United States bankruptcy court

Authors:

Joshua Friedman

Location:

Firm:

Kramer Levin Naftalis & Frankel LLP

Giving credit when due -- Supreme Court denied confirmation of Chapter 11 plan that precludes credit bidding

2012-06-01

The Bottom Line:

In a unanimous decision (with Justice Kennedy not participating), the Supreme Court issued a decision in RadLAX Gateway Hotel, LLC v. Amalgamated Bank, 2012 WL 1912197 (U.S. May 29, 2012), (“RadLAX”) in which it held that section 1129(b)(2)(A) of the Bankruptcy Code does not permit a debtor to “cram down” a plan of reorganization that provides for the sale of encumbered assets free and clear of liens at auction without permitting the lienholder to credit bid at such auction.

Filed under:

USA, Banking, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Debtor, Secured creditor, Title 11 of the US Code, Seventh Circuit

Authors:

Benjamin C. Wolf

Location:

Firm:

Kramer Levin Naftalis & Frankel LLP

Now that’s settled – Second Circuit in Enron exempts redemption of commercial paper

2011-07-11

The Bottom Line:

Authors:

Benjamin C. Wolf

Location:

Firm:

Kramer Levin Naftalis & Frankel LLP

US court declines to recognise Cayman provisional liquidation proceedings

2007-10-31

At a glance

Filed under:

Cayman Islands, USA, Insolvency & Restructuring, Litigation, Freshfields Bruckhaus Deringer LLP, Debtor, Limited liability company, Hedge funds, Subprime lending, Legal burden of proof, Liquidation, Bear Stearns

Location:

Cayman Islands, USA

Firm:

Freshfields Bruckhaus Deringer LLP