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Results: 1-10 of 26

What goes up a quick glance at Ohio oil and gas leases in bankruptcy

  • Porter Wright Morris & Arthur LLP
  • -
  • USA
  • -
  • March 5 2013

As Ohio enjoys its latest boom in oil and gas exploration, it is important to understand how oil and gas leases are treated in bankruptcy. Unsettled

A123 files Chapter 11

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • October 21 2012

Electric vehicle battery manufacturer A123, which received a $249 million stimulus grant from the Department of Energy, filed for Chapter 11 bankruptcy protection October 15 in the U.S. Bankruptcy Court for the District of Delaware to facilitate an agreement in which Johnson Controls will purchase its automotive business assets for $125 million

A closer look at the Satcon Technology bankruptcy

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • October 21 2012

On October 17, 2012, Satcon Technology Corporation and various of its subsidiaries (collectively, "Satcon") filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware

Fifth Circuit finds that an electricity requirements contract is a “forward contract” exempt from Bankruptcy Code’s avoidance powers

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • October 11 2012

On August 2, 2012, the United States Court of Appeals for the Fifth Circuit held that a requirements contract for electricity is a forward contract for purposes of section 546(e) of the Bankruptcy Code and, therefore, settlement payments made under the contract are exempt from avoidance as preferences

Fifth Circuit holds that fixed quantities are not required to satisfy the “forward contracts” safe harbor defense

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • September 25 2012

On August 2, 2012, the United States Court of Appeals for the Fifth Circuit held that a requirements contract for the supply of electricity constituted a “forward contract” under the Bankruptcy Code and, therefore, was exempt from preference avoidance actions

Fifth Circuit applies safe harbor protection to power supply contract in real estate manager's bankruptcy

  • Hunton & Williams LLP
  • -
  • USA
  • -
  • August 28 2012

On August 2, 2012, the United States Court of Appeals for the Fifth Circuit issued its decision in Lightfoot v. MXEnergy Elec., Inc. (In re MBS Mgmt. Servs., Inc.), Case No. 11-30553 (5th Cir. 2012), holding that a real estate management company’s electricity supply contract qualified as a “forward contract”, payments on account of which are protected from avoidance as preferential transfers under the Bankruptcy Code’s “safe harbor” provisions

Fifth Circuit holds payments under electric requirements contract exempt from preference avoidance

  • Locke Lord LLP
  • -
  • USA
  • -
  • August 21 2012

The U.S. Fifth Circuit Court of Appeals recently ruled on whether section 546(e) of the Bankruptcy Code exempts payments for electricity provided under a requirements contract from avoidance as preferences

Fifth Circuit holds that supply agreement is a "forward contract" for bankruptcy avoidance protection

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • August 14 2012

On August 2, 2012, the United States Court of Appeals for the Fifth Circuit issued a decision in the bankruptcy case for MBS Management Services, Inc

Retail electricity agreement found protected under the Bankruptcy Code's safe harbor provisions

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • August 13 2012

On August 2, 2012, in the case of In re MBS Management Services, Inc., the Court of Appeals for the Fifth Circuit ruled that a retail electricity agreement with a real estate management company constituted a forward contract protected by the “safe harbor” provisions of the U.S. Bankruptcy Code (“Bankruptcy Code”

Provide the electric service and keep the money: the latest development in bankruptcy law involving payments made to an electric supplier

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • August 7 2012

On August 2, 2012, the Court of Appeals for the 5th Circuit issued a decision in Lightfoot v. MXEnergy Electric, Inc. (In re MBS Management Servs., Inc.). No. 11-30553, (5th Cir. Aug. 2, 2012