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Illinois Supreme Court Holds Guaranty Fund's Indemnity Payments Not Limited By Statutory Cap

In Illinois (as in every other state), when an insurance company becomes insolvent and an order of liquidation is entered, the Illinois Insurance Guaranty Fund steps in and pays claims that the insolvent carrier could not...more

Indalex: What Are the Pension Implications?

“When a business becomes insolvent, many interests are at risk. Creditors may not be able to recover their debts, investors may lose their investments and employees may lose their jobs. If the business is the sponsor of an...more

Employee Benefits in an Insolvency

In a judgment rendered in December 2012, the British Columbia Court of Appeal (“BC CA”) further clarified an insurer's priority for payment of unpaid health plan contributions. In Re: Ted Leroy Trucking Ltd. the bankrupt had...more

Points & Authorities - Spring 2012

In This Issue: - Brinker: Meal and Rest Periods Clarified, But... - Dodd-Frank and Bankruptcy Law - New Faces: Points from the President - Celebrity Brands: To Wed or Not to Wed? - How Safe is your...more

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