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Insolvency Waivers

Foley & Lardner LLP

PBGC Pension Reporting Requirements Add More Strain to Financially Distressed Employers

Foley & Lardner LLP on

The COVID-19 pandemic has created great financial uncertainty for many employers. For those sponsoring defined benefit pension plans, certain Pension Benefit Guaranty Corporation (PBGC) reporting requirements may arise...more

White & Case LLP

COVID-19: Waiver of the Benefit of the Insolvency Filing Moratorium in Russia

White & Case LLP on

Amendments to Article 9.1 of the Insolvency Law ("Law 149-FZ") came into effect on 24 April 2020. The amendments provide that the benefit of the insolvency filing moratorium can be waived (the "moratorium waiver"). In...more

White & Case LLP

COVID-19: Insolvency Filing Moratorium in Russia

White & Case LLP on

The Russian Government has introduced a moratorium on the filing of insolvency claims (the "moratorium") from 6 April through 6 October 2020. This will have important legal consequences both for the persons covered by it...more

WilmerHale

Insolvency at Its Limits: What Management and Creditors of Insolvent LLCs and LPs Should Know About Fiduciary Duties Waivers and...

WilmerHale on

Delaware law allows members and partners of limited liability companies (LLCs) and limited partnerships (LPs) to waive the fiduciary duties of their management in their LLC or LP agreements. When an LLC or LP is insolvent,...more

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