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Supreme Court guidance on the meaning of “establishment” in council regulation EC 13462000 on insolvency proceedings (“Insolvency Regulation”)
  • Mayer Brown LLP
  • European Union
  • April 30 2015

The Supreme Court (unanimously dismissing the appeal in Trustees of Olympic Airlines SA Pension & Life Assurance Scheme v Olympic Airlines SA) has


Trustees of the Olympic Airlines SA Pension and Life Assurance Scheme v Olympic Airlines SA
  • Clyde & Co LLP
  • United Kingdom
  • July 22 2015

In April 2015, the Supreme Court dismissed an appeal bought by The Trustees of the Olympic Airlines SA Pension and Life Assurance Scheme ("the


Supreme Court decides Olympic Airlines did not have an establishment in the UK
  • Taylor Wessing
  • United Kingdom
  • May 6 2015

An "establishment" requires business and business activity to be carried out involving dealings with third parties and not simply acts of internal


Dispute over American Airlines CEO’s $20 million severance may be coming in for a landing
  • Zuckerman Spaeder LLP
  • USA
  • June 3 2013

You might think that a company in bankruptcy wouldn't be able to give its CEO a multi-million-dollar severance payment. But just because a company


Bankruptcy Court grounds American Airlines noteholders’ make-whole claim
  • Bracewell LLP
  • USA
  • January 22 2013

Last week the United States Bankruptcy Court for the Southern District of New York approved debtor-American Airlines' motion to enter into a secured


Former president of bankrupt aircraft manufacturer can keep some of his severance cash
  • Zuckerman Spaeder LLP
  • USA
  • June 2 2014

An executive's right to severance payments isn't always written in stone, even if his employer agrees to provide them. In this post, we described how


Ex-president surely feels like a room without a roof: happy not to be deemed an insider (part I)
  • Weil Gotshal & Manges LLP
  • USA
  • June 24 2014

Who are we kidding? The topic of statutory insiders has been a blog favorite, year after year. Not only are preference and fraudulent transfer


Olympic Airlines: starting UK insolvency proceedings against a company already in insolvency in another member state.
  • Freshfields Bruckhaus Deringer LLP
  • European Union, United Kingdom
  • June 28 2013

The Court of Appeal’s judgment in The Trustees of the Olympic Airlines SA Pension & Life Insurance Scheme v Olympic Airlines SA 2013 EWCA Civ 643


Bankruptcy court dismisses class action DFR complaint involving airline merger
  • Baker & Hostetler LLP
  • USA
  • June 12 2014

One deliberately ironic facet of the 2004 film Howard Hughes bio-pic The Aviator (the one with Leonardo DiCaprio) is the fact that the airlines


Repossession - practical steps and pointers
  • Norton Rose Fulbright LLP
  • Australia
  • January 22 2015

The process of repossession will involve complex issues of fact and law. Each one is different depending upon the jurisdiction involved, the approach