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Bankruptcy Finance & Banking Government Contracting

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Government Contract: How Can a Subcontractor Get Paid?

by Pepper Hamilton LLP on

G4S Technology LLC v. US, 779 F.3d 1337 (Fed. Cir. 2015) – A subcontractor worked on construction of wireless broadband networks for rural communities that was funded in part by a loan to the prime contractor from a US...more

Colt Nears Deal to Battle Its Way Out of Bankruptcy

by Butler Snow LLP on

On September 3, 2015, gun maker Colt Defense announced that the company and its creditors are close to finalizing a deal that will rescue the company out of bankruptcy. “It’s fair to say the parties are very close to a deal,”...more

Puerto Rico’s Recovery Act Ruled Preempted: What Now?

At the end of “The Candidate”, Robert Redford’s title character, having won, famously asks, “What do we do now?” A similar question can be asked now that the federal district court in Puerto Rico has struck down the...more

Distress in the Defense Industry: Opportunities and Obstacles

by Bracewell LLP on

The U.S. defense industry is facing a new battle – financial distress. Withdrawal of U.S. forces from Afghanistan and Iraq combined with reductions in the defense budget and sequestration have taken a toll on many U.S....more

Russian Legislation Update - 10 February – 2 March 2014

by White & Case LLP on

In This Issue: - Banking - Anti-Money Laundering - Concession Agreements - Public Procurement - Employment/Foreign Citizens - Court Practice: Bankruptcy - Excerpt from Banking - On 25...more

DIA Urges Detroit to Stay Away from Art Collection

by Joel Glucksman on

DIA Urges Detroit to Stay Away from Art Collection by Joel R. Glucksman on September 6, 2013 Several creditors and pension groups have teamed up to challenge the constitutionality of the Detroit bankruptcy filing....more

Creditors File Objections to Detroit Bankruptcy

by Joel Glucksman on

Creditors File Objections to Detroit Bankruptcy by Joel R. Glucksman on August 30, 2013 More than 100 objections have been filed by creditors, opposing the eligibility of Detroit to file Chapter 9 municipal bankruptcy...more

Harrisburg Holds ‘Wild West’ Auction to Reduce Debt

by Joel Glucksman on

Harrisburg Holds ‘Wild West’ Auction to Reduce Debt by Joel R. Glucksman on August 8, 2013 Harrisburg, Pennsylvania, has been struggling for years to unload its heavy municipal debt and repair its broken economy. The...more

Harrisburg, PA files for Bankruptcy

by Aaron Nielson on

Harrisburg, PA files for Bankruptcy Pennsylvania’s capital city Harrisburg filed for bankruptcy protection on Wednesday October 12, 2011. Municipal bankruptcy filings are not common. These cases are filed under Chapter 9...more

Are bankruptcy filings increasing or decreasing?

by Aaron Nielson on

Are bankruptcy filings increasing or decreasing? This is a common question I receive. Are more people filing bankruptcy now or has it slowed down? The number of cases filed each month isn’t a secret. The courts...more

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