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Commercial Restructuring & Bankruptcy Alert - December 11, 2013

In this issue: - Detroit Gets a Fresh Start and Pension Debt is at Risk - UK Supreme Court Finds Certain Pension Liabilities Are Not Entitled to Priority Treatment, in Nortel and Lehman Decisions - Amount of...more

PBGC Finds Deep Pocket in Japan: U.S. Court Finds Parent Liable for Termination Underfunding

As the U.S. Pension Benefit Guaranty Corporation (PBGC) faces increasing strain on the pension insurance program it runs, it has become more aggressive in pursuing deep pockets after underfunded defined benefit plans are...more

Montreal, Maine and Atlantic Railway rehiring workers thanks to $3 million loan

Thanks to a recent $3 million loan, workers are being rehired by the bankrupt railway that owned the runaway train that devastated a Canadian town, killing 47 people, the railway’s court-appointed trustee said Monday. ...more

Supreme Court of Canada Upholds Priority for DIP Lenders in CCAA Proceedings

Overview - On February 1, 2013, the Supreme Court of Canada (the “SCC”) affirmed the priority granted to Debtor-In-Possession (“DIP”) lenders who provide capital to debtor companies undergoing the restructuring process...more

Bill on Bankruptcy: Who's to Blame for the Hostess Liquidation? [Video]

Nov. 21 (Bloomberg) -- What did the Hostess Brands Inc. labor unions and management know about the company's imminent failure and when did they know it? That's the first topic for discussion on this week's Bloomberg...more

Bill on Bankruptcy: AMF, Hostess, Kodak, JC Penney, UK Law, Want Ads [Video]

Nov. 14 (Bloomberg) -- The return visit by AMF Bowling Worldwide Inc. to bankruptcy court is the first topic on this week's Bloomberg bankruptcy video. Next, Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist...more

Prohibition of Indebtedness in Joint Stock Companies and Limited Liability Partnerships

This article briefly discusses the prohibition of indebtedness of shareholders, partners, Board Members, Managers and their relatives in Joint Stock Companies and Limited Liability Partnerships, under the Turkish Commercial...more

When Breaking the Bank Breaks Your Visa - Forbes.com

When Breaking The Bank Breaks Your Visa Adriana Loeff, 10.02.08, 04:36 PM EDT Many laid off banking employees in the U.S. on work visas are now in violation. Here's how they can prolong deportation proceedings. Over...more

International Legal News Volume 1 Issue 3 - June 20, 2006

In this Issue: *China Issues Implementing Opinions on Approval and Registration of Foreign-invested Enterprises Lehman, Lee & Xu, Beijing, China by by Feng (Sandy) Lin *Bankruptcy - A New Guise PETERKA & PARTNERS...more

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