In a unanimous decision in Merit Mgmt. Grp., LP v. FTI Consulting, Inc., the U.S. Supreme Court addressed the scope of a Bankruptcy Code exception to the “avoiding powers” of a bankruptcy trustee or Chapter 11...more
4/26/2018
/ Avoidance ,
Bankruptcy Code ,
Chapter 11 ,
Commercial Bankruptcy ,
Creditors ,
Debtors ,
Financial Institutions ,
Fraudulent Transfers ,
Intermediaries ,
Leveraged Buyout ,
Merit Management Group v FTI Consulting ,
Safe Harbors ,
SCOTUS ,
Section 546(e) ,
Split of Authority ,
Trustees
Continuing low interest rates and generally improved economic conditions in the U.S. and worldwide during 2017 have reduced financial distress and the need for business bankruptcies in most sectors. However, out-of-court...more
1/25/2018
/ Affordable Care Act ,
Chapter 11 ,
Commercial Bankruptcy ,
Commercial Real Estate Market ,
Debt Restructuring ,
Dodd-Frank ,
Energy Sector ,
Health Care Providers ,
Hospital Mergers ,
Hospitals ,
Interest Rates ,
Oil Prices ,
Repeal ,
Retail Market ,
Tax Reform ,
Trump Administration
Crude oil and natural gas prices reached multiyear lows of approximately $26 per barrel for crude oil (as of January 2016) and $1.50 per million British thermal units (mmbtu) for natural gas (as of March 2016). This...more
1/31/2017
/ Acquisitions ,
Borrowers ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Energy Contracts ,
Energy Policy ,
Exploration and Production Assets ,
Loans ,
Mergers ,
Midstream Contracts ,
Oil & Gas ,
Oil Prices ,
OPEC ,
Trump Administration
Under long-established common law, loans must be paid only upon maturity, not before. This "perfect tender in time" rule is the default rule in a number of jurisdictions. Many indentures and credit agreements therefore either...more
Chapter 11 of the U.S. Bankruptcy Code is the most well-developed law of any insolvency regime in the world for helping troubled companies restructure their affairs. Some nations, like Canada and the United Kingdom, also have...more
On May 13, 2013, the U.S. Bankruptcy Court for the District of Delaware confirmed a prepackaged Chapter 11 plan of reorganization in the case of Central European Distribution Corporation (CEDC) that incorporated an unmodified...more