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    The Eleventh Circuit Reaffirms the “Person Aggrieved” Standard
    2018-04-02

    The Eleventh Circuit recently reaffirmed the “person aggrieved” doctrine in In re Petricca, 17-10325, 2018 WL 1020046, at *1 (11th Cir. Feb. 22, 2018). The person aggrieved doctrine provides that a person may appeal from a bankruptcy court’s order only if he is a person aggrieved by the order. The doctrine limits the right to appeal a bankruptcy court order to those parties having a direct and substantial interest in the question being appealed.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Berger Singerman LLP, United States bankruptcy court, Eleventh Circuit
    Authors:
    Ashley Dillman Bruce , Lewis M. Killian,Jr.
    Location:
    USA
    Firm:
    Berger Singerman LLP
    Green Hands Aren’t Unclean Hands: 9th Circuit BAP Retreats from Mandatory Dismissal in Marijuana Cases
    2018-03-21

    A 92-year-old landlord who leased a storefront to a marijuana dispensary will receive a new hearing after a court dismissed her bankruptcy caseon the grounds that acceptance of rent payments from the dispensary disqualified her from bankruptcy relief.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Real Estate, Burns & Levinson LLP, Cannabis, Controlled Substances Act 1971 (USA), Ninth Circuit
    Authors:
    Marcus Hernandez
    Location:
    USA
    Firm:
    Burns & Levinson LLP
    CFPB releases FAQs on bankruptcy issues under the 2016 Mortgage Servicing Final Rule
    2018-03-21

    On March 20, the CFPB released updated FAQs to support the implementation of the 2016 Mortgage Servicing Final Rule. Specifically, the updated FAQs pertain to the mortgage-servicing provisions regarding bankruptcy, which are effective April 19. The CFPB released ten bankruptcy-related question and answers.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Real Estate, Orrick, Herrington & Sutcliffe LLP, Bankruptcy, Consumer Financial Protection Bureau (USA)
    Location:
    USA
    Firm:
    Orrick, Herrington & Sutcliffe LLP
    Everyone Has Rejection Issues
    2018-03-21

    In the typical day-to-day experience in bankruptcy proceedings, the debtor’s ability to assume or reject executory contracts and leases under Section 365 of the Bankruptcy Code is seen from the sometimes-unfortunate perspective of the creditor.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Bryan Cave Leighton Paisner (Bryan Cave)
    Authors:
    James Maloney
    Location:
    USA
    Firm:
    Bryan Cave Leighton Paisner (Bryan Cave)
    Privacy Shield Certification—It’s Not “One and Done”
    2018-03-22

    Certified to the Privacy Shield? Great! So you’re done in terms of GDPR compliance, right? Think again.

    As we have discussed in previous newsletters, no matter where you are in the world, the General Data Protection Regulation (GDPR) applies to you if you are collecting or processing personal data of any EU individual. The law goes into effect in May.

    Filed under:
    USA, Insolvency & Restructuring, IT & Data Protection, Litigation, Trademarks, FisherBroyles LLP, Information privacy, GDPR, EU-US Privacy Shield
    Authors:
    Kimberly Dempsey Booher , Hollace Topol Cohen , Edward R. Ergenzinger , Andrea Mealey , Martin B. Robins
    Location:
    USA
    Firm:
    FisherBroyles LLP
    The Ever-Changing Bankruptcy Landscape for Trademark Licenses
    2018-03-22

    In our Intellectual Property Law Update of December 2016 we advised you of the recent decision of the Bankruptcy Appellate Panel for the First Circuit Court of Appeals (the “BAP”) in Mission Products Holdings, Inc. v. Tempnology (In re Tempnology, LLC) upholding the rights of a licensee of trademarks to continue use of trademarks after the debtor’s rejection of the trademark license. As set forth below, the First Circuit recently reversed that decision.  

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Trademarks, FisherBroyles LLP, United States bankruptcy court, Bankruptcy Appellate Panel, First Circuit
    Authors:
    Kimberly Dempsey Booher , Hollace Topol Cohen , Edward R. Ergenzinger , Andrea Mealey , Martin B. Robins
    Location:
    USA
    Firm:
    FisherBroyles LLP
    New Delaware Chapter 11 Filing - 695 Buggy Circle, LLC
    2018-03-23

    695 Buggy Circle, LLC, along with six subsidiaries and affiliates, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware. All of the Debtors are affiliates of, and are seeking joint administration with, the Woodbridge Group of Companies, et al. (Lead Case No. 17-12560).

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Cole Schotz PC, United States bankruptcy court
    Authors:
    Norman L. Pernick , Nicholas J. Brannick
    Location:
    USA
    Firm:
    Cole Schotz PC
    New Delaware Chapter 11 Filing Involuntary Petition - Candi Controls, Inc.
    2018-03-23

    Candi Controls, Inc., an Oakland, CA-based provider of cloud-based services for energy and facilities management, has had an involuntary petition for relief under Chapter 11 filed against it in the Bankruptcy Court for the District of Delaware (Case No. 18-10679). The involuntary petition was filed by CGM Partners, Howard Elias and Kelly Yang Living Trust, who collectively assert $575,000 in note claims.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Cole Schotz PC, United States bankruptcy court
    Authors:
    Norman L. Pernick , Nicholas J. Brannick
    Location:
    USA
    Firm:
    Cole Schotz PC
    Florida Passes Bill to Stop Bankruptcy Debtors From “Having Their Cake and Eating It Too”
    2018-03-26

    On March 20, Florida Governor Rick Scott signed Senate Bill 220 into law. The bill is designed to limit the ability of defendants in foreclosure proceedings to keep contesting the foreclosure after agreeing, in bankruptcy, to surrender the property to their lenders.

    Filed under:
    USA, Florida, Insolvency & Restructuring, BakerHostetler, Bankruptcy, Liquidation
    Authors:
    Patrick T. Lewis
    Location:
    USA
    Firm:
    BakerHostetler
    Tapping Their Toes to a Longer Tune: Trustees are Stepping into the Shoes of the IRS to Recover Fraudulent Transfers Up to Ten Years After They Were Made
    2018-03-26

    Can a bankruptcy trustee recover a fraudulent transfer made six, eight, ten years ago? Bankruptcy courts around the country are answering that question with a resounding “yes”, so long as the IRS holds an unsecured claim against the debtor. If more courts arrive at this conclusion, creditors face the risk that trustees will step into the shoes of the IRS to borrow its ten-year statute of limitations for the recovery of fraudulent transfers.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, White Collar Crime, Hopkins & Carley, Bankruptcy, Debtor, Fraud, Internal Revenue Service (USA), United States bankruptcy court
    Location:
    USA
    Firm:
    Hopkins & Carley

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