Reorganizations, Distressed Debt

Stalking Horse Bidders: What Bid Protections Can You Expect in a Section 363 Sale?

Goodwin on 2/12/2025

Conducting an asset sale through a bankruptcy auction — a Section 363 sale — is an effective and common M&A tool for a distressed company. In anticipation of a 363 sale, a Chapter 11 debtor typically tries before its...more

Luxembourg Modernises Its Insolvency Legislation

K&L Gates LLP on 11/6/2023

On 19 July 2023, the parliament of the Grand Duchy of Luxembourg (Luxembourg) passed bill no. 6539A into law (the New Insolvency Law), marking a significant milestone in the movement to modernise and enhance the...more

PACTE Act (action plan for the growth and transformation of companies): the main changes regarding distressed companies

White & Case LLP on 6/7/2019

Presented as a major measure of the five-year French presidential term, the law “on growth and business transformation”, also known as the PACTE Act, came into force on May 24th, 2019. Amongst the changes that were brought,...more

Ninth Circuit Holds Protecting A Claim To Its Fullest Extent Is Not Evidence Of Bad Faith

Orrick, Herrington & Sutcliffe LLP on 9/21/2018

The Ninth Circuit Court of Appeals recently held that a secured creditor’s purchase of general unsecured claims to block confirmation of a Chapter 11 plan did not in itself constitute bad faith....more

Securitization in Italy: New Market-Friendly Rules Enacted

Jones Day on 6/27/2017

On June 15, 2017, the Italian Parliament approved the Conversion Law of Decree no. 50 of April 25, 2017 ("Conversion Law"). The Conversion Law includes a review of the legal framework applicable to Italian securitization...more

Orrick's Financial Industry Week in Review

Orrick, Herrington & Sutcliffe LLP on 10/20/2015

EBA Updates Single Rulebook Q&As - On October 16, 2015, the European Banking Authority (EBA) updated its Q&As on the single rulebook, publishing four new questions. The single rulebook Q&As relate to the CRD IV package...more