Supreme Court confirms credit bid rights of secured creditors *

USA - June 4 2012
The United States Supreme Court, in the case of Radlax Gateway Hotel, LLC v. Amalgamated Bank (“Radlax”), ruled that secured creditors have the same right to credit bid in collateral sales under a plan of reorganization as they do in sales under Section 363 of the Bankruptcy Code (“Section 363 Sales”).

A new case interpreting limited recourse guarantees; this time with a different result *

USA - April 11 2012
Lender made a $44,000,000 loan to Borrower.

Co-authors: Katerina Hertzog Bohannon.