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OCC Proposes Framework for Placing Uninsured Banks into Receivership
  • BuckleySandler LLP
  • USA
  • September 16 2016

On September 13, the OCC published a proposed rule under the authority of the National Bank Act, to provide a framework for receiverships for

Hanjin Shipping Now Under U.S. Bankruptcy Protection: Options for Shippers and Intermediaries
  • Masuda Funai Eifert & Mitchell Ltd
  • Japan, USA
  • September 7 2016

Yesterday afternoon in Newark, New Jersey, Judge John K. Sherwood of the U.S. Bankruptcy Court granted Hanjin Shipping Co. Ltd.'s request to recognize

NAIC Summer 2016 National Meeting: key developments
  • DLA Piper LLP
  • Global, USA
  • September 7 2016

The National Association of Insurance Commissioners Summer National Meeting, held on August 24 - 28 in San Diego, produced a number of noteworthy

Excalibur reinsurance corporation placed into liquidation
  • Carlton Fields
  • USA
  • August 17 2016

Excalibur had been in run-off status since 2003, and under regulatory supervision since at least 2013. A Pennsylvania court has now placed Excalibur

Real Property & Title Insurance Update: Week Ending July 29, 2016
  • Carlton Fields
  • USA
  • August 1 2016

Because final judgment entered day after defendant’s petition for bankruptcy, automatic stay imposed by 11 U.S.C. 362 was in effect and, thus

MF Global and Individual Defendants Finalize Settlement With Customers and Other Creditors
  • Katten Muchin Rosenman LLP
  • USA
  • July 24 2016

The infamous history of MF Global is closer to ending after the administrator for the bankrupt holding company filed a proposed notice of settlement

Life Settlement Investments: Avoiding the Pitfalls in the Event the Life Settlement Company Files for Bankruptcy
  • Berger Singerman LLP
  • USA
  • July 18 2016

For those who may be considering an investment in life settlements (see my previous blog for background), recent bankruptcy filings of life

Excess Policies at Issue Deemed Not to Attach Absent Actual Payment of the Amount of Underlying Limits by Either the Insured or its Underlying Insurers
  • K&L Gates
  • USA
  • July 6 2016

Policyholders contemplating insurance coverage settlements with low-level insurers should use caution to preserve their ability to access

Settle with Caution: Excess Insurers May Have an Additional Coverage Defense
  • Pillsbury Winthrop Shaw Pittman LLP
  • USA
  • June 20 2016

Ever since the U.S. Court of Appeals for the Second Circuit decided Zeig v. Mass. Bonding & Insurance Co. in 1928, it has been well-settled that a

International review - May 2016
  • Clyde & Co LLP
  • Australia, Canada, OECD, United Kingdom, USA
  • May 31 2016

Since our last update, there have been significant developments in the FI and D&O landscape. November saw the first ever UK deferred prosecution