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    An Old Mediation Controversy—Based on Misunderstandings & Overreactions? (In re Caesars Entertainment)
    2026-04-28

    In re Caesars Entertainment is one of the major-and-successful bankruptcy cases in the history of these United States. 

    The Caesars bankruptcy was filed on January 15, 2015, in the Northern Illinois Bankruptcy Court with $18 billion of debt.  It achieved a confirmed plan two years later (on January 17, 2017).  The bankruptcy case finally closed within the last six months (on December 3, 2025), and its last docket entry [No. 9968] is dated January 12, 2026.

    Mediation Controversy—Background

    Filed under:
    USA, Nebraska, Arbitration & ADR, Insolvency & Restructuring, Litigation, Koley Jessen PC, Mediation
    Authors:
    Donald L. Swanson
    Location:
    USA
    Firm:
    Koley Jessen PC
    Spain's Supreme Court rules that assignment of claims does not determine insolvency ranking
    2026-04-22

    The decision confirms that ranking depends on when the claim arises not when it is assigned

    The Spanish Supreme Court, in its ruling 22/2026, has addressed a frequently contested question in Spanish insolvency law: whether the subordination of a claim based on the creditor being a related party should be determined at the time the claim originates or at the time it is later acquired by assignment.

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Osborne Clarke LLP, Insolvency
    Authors:
    Eduard Arruga , Victoria Bobo , Francisco López Flores
    Location:
    Spain
    Firm:
    Osborne Clarke LLP
    The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (Granted Presidential Assent on 6th April 2026)
    2026-04-28

    I. INTRODUCTION 

    Filed under:
    India, Insolvency & Restructuring, Litigation, Parinam Law Associates, Insolvency and Bankruptcy Board of India, Insolvency and Bankruptcy Code (India), Supreme Court of India
    Authors:
    Pooja Tidke , Krushi N Barfiwala
    Location:
    India
    Firm:
    Parinam Law Associates
    Liability management exercises - using disclosure as a tool
    <br>
    2026-04-22

    Liability management exercises, sometimes dubbed ‘creditor-on-creditor violence’, are now a defining feature of the global restructuring market. Their growing use has been matched by an increase in related litigation, and has brought with it what is for many restructuring professionals a whole new world of disclosure.

    How does disclosure work in four key jurisdictions - England & Wales, New York, the Netherlands, and Luxembourg?

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Freshfields, Office of Foreign Assets Control (USA), Mitel, Thames Water, Petrofac, Oil & gas exploration & production, Telecoms services
    Authors:
    Neil Golding , Emilio Salice , Sunil Singh , Henry Hutten , Madlyn Primoff
    Location:
    United Kingdom
    Firm:
    Freshfields
    Bankruptcy Court Denies Motions to Convert Case and to Appoint an Examiner
    <br>
    2026-04-28

    A bankruptcy judge has ruled that a debtor can satisfy the Bankruptcy Code’s rehabilitation standard by selling its assets as a going concern and thereby avoid conversion from chapter 11 to chapter 7. In the same decision, the court denied a motion seeking the appointment of what the movants called an “examiner with expanded powers.” In re Deqser, LLC, Case No. 25-10687, 2026 Bankr. LEXIS 1004 (Bankr. D. Del. Apr. 22, 2026).

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Patterson Belknap Webb & Tyler LLP
    Authors:
    Daniel A. Lowenthal
    Location:
    USA
    Firm:
    Patterson Belknap Webb & Tyler LLP
    Related, but not protected: Alberta court denies CCAA stay extension and permits receivership
    1969-12-31
    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Dentons, Receivership, National Bank of Canada, ATB Financial
    Authors:
    Derek Pontin
    Firm:
    Dentons
    The Insolvency and Bankruptcy Code (Amendment) Act, 2026
    2026-04-28

    April 07, 2026 The Insolvency and Bankruptcy Code (Amendment) Act, 2026 The Amendment Bill has now been approved by the Parliament post the report of the Select Committee as the Insolvency and Bankruptcy Code (Amendment) Act, 2026 (Act). Once in effect, the Act makes significant amendments to the Insolvency and Bankruptcy Code, 2016 (IBC) introducing several new concepts and tweaking existing concepts in light of difficulties faced to make the IBC more efficient. This note sets out a summary of the key changes. A. Corporate Insolvency 1.

    Filed under:
    India, Insolvency & Restructuring, Litigation, Cyril Amarchand Mangaldas, Insolvency, Insolvency and Bankruptcy Board of India, Insolvency and Bankruptcy Code (India), National Company Law Tribunal
    Location:
    India
    Firm:
    Cyril Amarchand Mangaldas
    Part 26A Restructuring Plans - a recap for commercial landlords
    2026-04-20

    In brief

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Real Estate, Mishcon de Reya
    Authors:
    Ben Tasker
    Location:
    United Kingdom
    Firm:
    Mishcon de Reya
    Residential Focus: Insolvency and licensing refusal
    2026-04-28

    Licensing has been a focus topic in our team lately and for good reason. If you’re a residential builder or a specialist trade in NSW, then no ticket, no play.

    While the facts of the decision in Leto v Secretary Department of Customer Service [2026]NSWCATOD 26 (Leto v Secretary) are obviously very specific, an insolvency in an applicant’s trading history is frequently a barrier to licensing and is frequently an inducement to do whatever is necessary to avoid insolvency, so as to retain a licence or the future prospect of one.

    Filed under:
    Australia, New South Wales, Insolvency & Restructuring, Litigation, Real Estate, Holding Redlich, Insolvency, Strata title, Environmental Planning and Assessment Act 1979 (New South Wales) (Australia)
    Authors:
    Christine Jones
    Location:
    Australia
    Firm:
    Holding Redlich
    “Indicative Rulings”: Settling Bankruptcy Disputes While On Appeal — Rule 8008 (In re Millenkamp) (Part 3)
    2026-04-16

    Here is an opinion illustrating how the “indicative rulings” process in Fed.R.Bankr.P. 8008 can work:

    Filed under:
    USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC
    Authors:
    Donald L. Swanson
    Location:
    USA
    Firm:
    Koley Jessen PC

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