Reed Smith LLP | Global, United Kingdom, USA | 21 Nov 2023
With levels of distressed debt and corporate bankruptcies on the rise, it is quite timely that we revisit the interesting intersection of English law…
Reed Smith LLP | USA | 15 Nov 2023
As discussed in our post last month, it was a long road for Arrowood Indemnity to be placed into liquidation in Delaware. On November 8, 2023, it…
Reed Smith LLP | USA | 12 Oct 2023
It took another three years for the Kemper/Lumbermens companies to be ordered into liquidation proceedings in Illinois, over a decade after its…
Reed Smith LLP | USA | 6 Jul 2023
In a long awaited decision, the United States Court of Appeals for the Second Circuit (“Second Circuit”) addressed whether non-consensual third-party…
Reed Smith LLP | USA | 26 Jun 2023
When a previously reorganized debtor files a second chapter 11 case, courts and commentators refer to that continued entity’s second reorganization…
Reed Smith LLP | USA | 18 Jun 2023
In two cases in as many months, the Supreme Court tackled the application of sovereign immunity in two separate insolvency statutes. Two separate…
Reed Smith LLP | USA | 9 May 2023
Congress passed the operative texts without noticeable fanfare. From its enactment to today, section 363(k) has entitled a secured creditor to…