When doing business with a foreign company, it is important to identify the company’s “center of main interests” (“COMI”) as creditors may find themselves bound by the laws of the COMI locale. If a company initiates...more
5/1/2013 - Center of Main Interests Chapter 15 Creditors' Rights Debtors Insolvency
In a recent decision by the Bankruptcy Court for the District of Delaware, the court adopted a flexible approach to consensual third party releases in a plan of reorganization. In In re Indianapolis Downs, LLC, 2013 Bankr....more
4/8/2013 - Chapter 11 Creditors Debtors Opt-Outs Reorganizations Third-Party Release Agrements
In Chapter 11 bankruptcy cases, the absolute priority rule requires a debtor’s creditors be paid in full before equity investors receive any value. However, existing equity investors occasionally seek to invest new money in...more
3/8/2013
When a debtor rejects an executory contract, Section 365(n) of the Bankruptcy Code allows a licensee of intellectual property to retain certain rights under the rejected contract. An important question arises, therefore,...more
1/16/2013 - Apple Commercial Bankruptcy License Agreements Licenses Patents Samsung Spansion
With an increasing number of businesses operating without regard to borders in today’s global economy, the importance of understanding Chapter 15 — the Bankruptcy Code provisions instructing the cooperation between the United...more
12/21/2012 - Chapter 15 Creditors Cross-Border Debtor-Creditor Insolvency Third-Party
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