USA | Global Insolvency

Florida Dept. of Revenue v. Piccadilly Cafeterias, Inc.: Supreme Court decision denying stamp tax exemption to pre-confirmation sales in Chapter 11 cases

27 June 2008

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The Supreme Court disallows transfer tax exemption for asset sales conducted prior to plan confirmation

27 June 2008

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Sixth Circuit holds that the earmarking doctrine does not provide a refuge from preference exposure for late-perfecting secured creditors

27 June 2008

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USA

United States Supreme Court resolves circuit split

09 July 2008

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Attorneys' fees and costs awarded against New York Superintendent for improper bankruptcy filing

03 July 2008

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Pennsylvania state court permits plaintiff to pursue “deepening insolvency” theory of damages

01 July 2008

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Fifth Circuit reverses equitable subordination of insiders’ secured loan

30 June 2008

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Breach of fiduciary duty claims dismissed, but conduct might still support equitable subordination or recharacterization

30 June 2008

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USA

Supreme Court limits stamp tax exemption

30 June 2008

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U.S. Supreme Court limits stamp-tax exemption to asset transfers under confirmed chapter 11 plans

30 June 2008

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