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Third Circuit considering if the ‘police power’ exception to the automatic stay extends to the UK Pensions Regulator

Reed Smith LLP
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United Kingdom, USA
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December 19 2011

One exception to the otherwise far-reaching scope of the automatic stay is the “police power” exception, which permits a governmental unit to commence or continue an action or proceeding that is in furtherance of its police and regulatory powers (section 362(b)(4) of the Bankruptcy Code

Reinsurance ascertaining intention

Reed Smith LLP
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United Kingdom, USA
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March 30 2008

In Wasa International Insurance Company Ltd v Lexington Insurance Company; AGF Insurance Ltd v Lexington Insurance Company Lawtel 29.2.08, a company incorporated under the laws of Pennsylvania, incurred substantial expenditure due to the enforced removal of waste caused by pollution at, and the restoration of, several of its sites in the United States

Exclusive jurisdiction agreement consent order

Reed Smith LLP
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United Kingdom, USA
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October 31 2007

In General Motors Corporation v (1) Royal & Sun Alliance Insurance Plc (2) Royal & Sun Alliance Insurance Group Plc Lawtel 2.10.07 the applicant insurers applied for an anti-suit injunction to restrain the respondent Delaware corporation from pursuing proceedings in Delaware

Judgment proof: the English Supreme Court pushes back on U.S. Bankruptcy Court jurisdiction

Reed Smith LLP
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United Kingdom, USA
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October 24 2012

In a case with truly global implications, the Supreme Court of England and Wales held earlier today that judgments of U.S. Bankruptcy Courts against foreign defendants who had not submitted to the Bankruptcy Court’s jurisdiction were not enforceable in England and Wales in the case of Rubin v. Eurofinance SA

Sanctions update

Reed Smith LLP
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European Union, Iran, Libya, Syria, United Kingdom, USA
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May 13 2011

This is a two part sanctions update

House of Lords judgment in Norris: price fixing did not constitute a criminal offence in the UK prior to 2003

Reed Smith LLP
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United Kingdom, USA
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March 19 2008

Ian Norris, former chief executive of Morgan Crucible Plc, has avoided extradition to the United States to face trial for his part in price fixing arrangements and perverting the course of justicefor the time being at least

The impact of heightened FSASEC cross-border cooperation

Reed Smith LLP
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United Kingdom, USA
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March 30 2010

Within financial regulatory enforcement there has long been a culture of cooperation between national regulatory authorities

Search results

Third Circuit considering if the ‘police power’ exception to the automatic stay extends to the UK Pensions Regulator

Reinsurance ascertaining intention

Exclusive jurisdiction agreement consent order

Judgment proof: the English Supreme Court pushes back on U.S. Bankruptcy Court jurisdiction

Sanctions update

House of Lords judgment in Norris: price fixing did not constitute a criminal offence in the UK prior to 2003

The impact of heightened FSASEC cross-border cooperation

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