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Debtors Ratification

Dechert LLP

Special Purpose Vehicles’ Authority to File for Bankruptcy Revisited

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In order to file for bankruptcy in the United States, a company needs to secure the appropriate corporate authorizations as required by its governing documents. What happens when a debtor does not obtain appropriate...more

Dechert LLP

Clear Contractual Terms Prevail Over Equitable Principles in Bankruptcy Cases (Again)

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Bankruptcy courts in the U.S. are widely viewed as favorable fora for debtors, trustees and creditors’ committees to pursue creative and difficult causes of actions against deep-pockets lenders and others in an attempt to...more

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