LSTA to publish revised trade documentation, including biso provisions, effective September 9 *

USA - September 8 2011
The Loan Syndications and Trading Association (LSTA) is publishing a revised set of documents for distressed transactions, as well as a revised Par/Near Par Trade Confirmation, effective for trades entered into on and after September 9, 2011.

Co-authors: Nina Lieberman.

The impact of Philadelphia Newspapers on Chapter 11 asset sales *

USA - March 29 2010
On March 22, the United States Court of Appeals for the Third Circuit issued a decision that could significantly impact the rights of secured creditors to credit bid in connection with Chapter 11 asset sales under a plan of reorganization.

Co-authors: David S. Kravitz, Paul J. Pollock , Kenneth E. Noble, Evan L. Greebel, Kristin C. Wigness .

Lehman Brothers debtors file joint plan *

USA - March 17 2010
Lehman Brothers Holdings Inc. (LBHI) and its affiliated U.S. chapter 11 debtors (the “Debtors”) filed a joint plan with the Bankruptcy Court on March 15, the last day on which the Debtors who filed petitions on September 15, 2008, had the exclusive right to file a plan.

Co-authors: Ross Pazzol, Jeff J. Friedman, Robert M. McLaughlin, Lance A. Zinman.