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Results: 1-10 of 1,635

Circuit Courts Divided Following Seventh Circuit's Section 546(e) Safe Harbor Decision
  • Jones Day
  • USA
  • August 22 2016

On July 26, 2016, a three-judge panel of the U.S. Court of Appeals for the Seventh Circuit ruled that the Bankruptcy Code section 546(e) "safe


Is Bank Debt a Security?: Dangerous Implications of the General Motors Litigation
  • Kramer Levin Naftalis & Frankel LLP
  • USA
  • August 16 2016

Borrowers, agent banks, syndicate members and secondary market purchasers incur, syndicate, sell and buy bank debt on the assumption that bank debt


Not So Safe After All?
  • Shearman & Sterling LLP
  • USA
  • August 9 2016

On June 20, 2016, the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) denied in part a motion to dismiss and


Rough Waters Could Be Ahead for Those Seeking Protection of Section 546(e) Safe Harbor
  • Cooley LLP
  • USA
  • August 9 2016

A recent decision by the Bankruptcy Court for the District of Delaware in PAH Litigation Trust v. Water Street Healthcare Partners L.P. (In re


Seventh Circuit: Section 546(e) Safe Harbor Does Not Shield From Avoidance Transfers Made Through Financial Institution Conduits
  • Dechert LLP
  • USA
  • August 2 2016

In FTI Consulting, Inc. v. Merit Management Group, LP, the Seventh Circuit recently held that transfers are not protected under the safe harbor of


In Conflict With Other Circuits, Seventh Circuit Rules That Certain Transfers Involving Financial Institution Intermediaries Not Immune From Recovery By Bankruptcy Trustee
  • Proskauer Rose LLP
  • USA
  • August 2 2016

Section 546(e) of the bankruptcy code prohibits a bankruptcy trustee from avoiding “settlement payments”, or payments “made in connection with a


Anatomy of a Term Sheet: Series A Financing (Q2 2016)
  • McCarter & English LLP
  • USA
  • July 14 2016

A key milestone in the lifecycle of many successful companies (and, admittedly, many unsuccessful companies) is obtaining financing from angel or


Lehman Brothers Court Holds Swap Safe Harbor Protects ‘Flip’ Transactions
  • Katten Muchin Rosenman LLP
  • USA
  • July 8 2016

The bankruptcy court overseeing the Lehman Brothers chapter 11 cases rejected efforts by Lehman Brothers Special Financing Inc. (LBSF) to recover


Alternatives to Bankruptcy (Receivership)
  • Nexsen Pruet
  • USA
  • June 28 2016

The general notion behind receiverships is to preserve property pending the outcome of a case, or the foreclosure of real property or such other time


Does Federal Bankruptcy Law Preempt State Law Fraudulent Transfer Claims Assigned to a Bankruptcy Estate Representative?
  • Pepper Hamilton LLP
  • USA
  • June 24 2016

In recent years, constructively fraudulent transfer claims asserted in bankruptcy cases, especially those arising from LBOs and similar shareholder