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Results: 1-10 of 67

Glitnir trading protocol impacted by closing of transfer register
  • Schulte Roth & Zabel LLP
  • USA
  • September 10 2015

Glitnir hf. ("Glitnir") has announced that as of the end of day on Sept. 11, 2015 ("Transfer Cut-Off Time"), it will no longer be processing Claim


Court validates rescue loan, rejecting equitable subordination and fraudulent transfer claims
  • Schulte Roth & Zabel LLP
  • USA
  • May 22 2015

A bank did not engage in "egregious conduct" sufficient to subordinate its lien on equitable grounds, held the U.S. District Court for the Northern


Split Ninth Circuit Requires Default Interest to Cure Default
  • Schulte Roth & Zabel LLP
  • USA
  • December 2 2016

A Chapter 11 debtor “cannot nullify a preexisting obligation in a loan agreement to pay post-default interest solely by proposing a cure,” held a


Distressed debt trading protocol: Kaupthing closing transfer register
  • Schulte Roth & Zabel LLP
  • USA
  • September 17 2015

The Winding-Up Committee ("WUC") of the failed Icelandic bank Kaupthing hf. ("Kaupthing") announced that Oct. 2, 2015 ("Transfer Bar Date") will be


Eleventh Circuit broadly defines ‘value’ in fraudulent transfer suit
  • Schulte Roth & Zabel LLP
  • USA
  • October 8 2015

An insolvent corporate subsidiary's payment of its parent's contractual obligations was not a fraudulent transfer when "the subsidiary Debtor


Tenth Circuit BAP limits insider claims
  • Schulte Roth & Zabel LLP
  • USA
  • December 1 2015

Insider creditors "waived the right to charge default interest on" their claims and "failed to prove" their claim for non-default interest, held


Update on bankruptcy fee shifting
  • Schulte Roth & Zabel LLP
  • USA
  • November 10 2015

"Each litigant in the U.S. legal system pays its own attorney's fees, win or lose, unless a statute or contract provides otherwise." Baker Botts


Tenth Circuit Quashes Fraudulent Transfer Suit Against Asset Buyer
  • Schulte Roth & Zabel LLP
  • USA
  • December 19 2016

An undersecured mortgagee’s “release of its entire underlying claim was value obtained ‘in exchange for’ the pre-bankruptcy sale of the


Sixth Circuit affirms rejection of bad faith chapter 11 plan
  • Schulte Roth & Zabel LLP
  • USA
  • February 12 2016

A Chapter 11 debtor's impairment in its reorganization plan of two unsecured claims filed by its former lawyer and accountant "was transparently an


Tenth Circuit saves insider’s severance payments
  • Schulte Roth & Zabel LLP
  • USA
  • October 26 2015

A terminated officer of a corporate debtor, who bargained for “18 months of severance ( $375,000 ) to ensure that his firing not disrupt the