We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In cooperation with Association of Corporate Counsel
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 61

Distressed over Eligible Assignees: who's in, who's out in Meridian Sunrise Village

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 29 2014

A recent decision out of the U.S. District Court for the Western District of Washington will be of interest to both lenders and borrowers of loans

Warehouseman’s liens for traders, banks and storage operators

  • Reed Smith LLP
  • -
  • Singapore, United Kingdom, USA
  • -
  • March 20 2014

When goods are delivered to a professional storage operator (we will refer to them as a warehouseman) for safe keeping, they may become subject to a

Are those bankruptcy waivers in your intercreditor agreements effective?

  • Reed Smith LLP
  • -
  • USA
  • -
  • February 28 2014

If you have negotiated an intercreditor agreement, you are familiar with the lengthy bankruptcy waivers typically drafted by counsel for first-lien

Delaware Chancery Court evaluates ‘public, commercially reasonable’ foreclosure sale under UCC

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 11 2013

Edgewater Growth Capital Partners LP created the debtor and guaranteed its indebtedness. After several attempts to restructure the debtor, the

Parent obligor can pledge subsidiary’s collateral with subsidiary’s knowledge and consent

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 11 2013

The Third Circuit held that a parent obligor could effectively pledge as collateral the deposit account of its subsidiary, with the subsidiary's

Beware the credit overbid

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 12 2013

The Sixth Circuit Court of Appeals held that the secured lender’s credit bid, which equaled the total debt owed on two properties but exceeded the

Defrauded initial lien holder maintains priority over subsequent innocent lenders

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 12 2013

The court granted summary judgment in favor of a defrauded lender in a lien priority dispute with subsequent third-party lenders. The court

Trustee fails to carry burden, court affirms pre-petition transfers to cover check-kiting losses not avoidable preference

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 12 2013

Pre-petition, the debtor engaged in a check-kiting scheme using accounts held at two banks. As a result of the scheme, one of the banks incurred

Bank loses possessory lien following turnover of funds to trustee should have sought adequate protection

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 12 2013

The bank, which held a possessory lien in the deposit account of the debtor, lost its lien when it turned over the funds in the account to the trustee

Exit lenders liable for conversion where distributions contravene credit agreement

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 12 2013

A group of lenders participated in a syndicated loan. When the borrowers filed for bankruptcy, the lenders were forced to buy certain of the