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Creditor's claim for attorney fees not entitled to secured status
  • Duane Morris LLP
  • USA
  • December 19 2014

The "American rule" is a well-defined legal principle applied by courts throughout the United States that holds each party to a dispute responsible

Supreme Court decides Olympic Airlines case and the meaning of establishment for European regulation on insolvency
  • Clifford Chance LLP
  • European Union
  • May 12 2015

On 29 April the English Supreme Court declined an appeal by The Trustees of a pension scheme in relation to Olympic Airlines SA, the former

State Airports (Shannon Group) Act 2014
  • Mason Hayes & Curran
  • Ireland
  • August 15 2014

The State Airports (Shannon Group) Act 2014 (the "Aviation Act") came into force on 27 July 2014. The Aviation Act enhances Ireland's position as a

Should the UK adopt Cape Town’s Alternative A Insolvency regime? Lessons from the US and Canada
  • Dentons
  • Canada, United Kingdom, USA
  • December 11 2014

The UK is consulting on whether to incorporate Cape Town’s Alternative A insolvency regime into English law. Alternative A is based on s 1110 of

EU political update: 8 - 12 December 2014
  • Clifford Chance LLP
  • European Union
  • December 9 2014

As of 1 December 2014, the normal powers of the European Commission and the Court of Justice of the European Union apply to criminal matters in the

Bankruptcy Court grounds American Airlines noteholders’ make-whole claim
  • Bracewell & Giuliani 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

The legislative “black hole” in aircraft creditors’ rights in Canada: Pre-Cape Town Convention interests
  • Dentons
  • Canada
  • May 27 2014

The entry of the Cape Town Convention into force under Canadian law is a positive step, but has led to a legislative "black hole" in the protection

Second Circuit affirms bankruptcy court ruling authorizing American Airlines to repay $1.3 billion debt without make-whole
  • Debevoise & Plimpton LLP
  • USA
  • September 16 2013

On September 12, 2013, the United States Court of Appeals for the Second Circuit held that American Airlines, Inc. ("American") had the right to

Ireland to adopt ‘Alternative A’ insolvency remedies set out in Cape Town Convention
  • Matheson
  • Ireland
  • October 1 2014

The State Airports (Shannon Group) Act 2014 (the "Act") was signed into law on 27 July 2014. The Act is further evidence of the Irish

Recent restructuring case law developments
  • Switzerland
  • June 21 2013

The Zurich High Court recently dismissed a liability claim initiated by the liquidator of Swissair against former members of Swissair's board of directors