Bar President: 3Ls Should Get Paid for Internships
Bill on Bankruptcy: Kodak Plan Bumps the Debt, Craters Stock
Consultant: More Big Law Firms Will "Implode"
Law School Applications Crater
Will The Debt Ceiling Standoff End Up In Court?
Bill on Bankruptcy: MF Global Creditors Undeterred by Low Value
Dean: There's No Oversupply of Lawyers
Bill on Bankruptcy: Will 2013 Be Kind To The Bankruptcy Bar?
Fact One: There are 3.7 million Puerto Ricans, 45% of whom live in poverty. Fact Two: According to its April 3, 2012 Official Statement, Puerto Rico has $68 billion of debt. Fact Three seems obvious: it is going to be...more
Talk about the gift that keeps on giving the whole year through!
I am up visiting family in Utah for the Thanksgiving holiday and noticed this sign on a local credit union. It got me to thinking about trends I notice...more
In this issue:
- Consequences of the Failure of a Secured Creditor to File a Timely Proof of Claim
- Private Equity Funds Potentially Liable for Portfolio Company’s Unfunded Pension Liability
For Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) followers, the Bureau’s advanced notice of proposed Regulation F seeking comment on potential rules under the Fair Debt Collection Practices Act (“FDCPA”)...more
The Consumer Financial Protection Bureau is considering new rules to govern debt collection practices that could radically change the debt collection regulatory landscape and for the first time include creditors that are...more
Although many may scoff, compulsive shopping, or shopaholicism, is a genuine addiction, just like alcoholism or drug addiction. And like these conditions, it can cost you emotionally, mentally and financially....more
When one thinks of trials images of Perry Mason or Atticus Finch may come to mind. But when it comes to debt collection law suits things are a little less grand. In Arizona most debt collection (particularly Debt Buyer...more
Recently, UCLA Law School Professor Stephen Bainbridge took notice of Section 6.22(b) of the Model Business Corporation Act and asked what might lead a corporation to waive the limited liability of shareholders in its...more
In Brown Bark III LP v. Haver, 2013 DJDAR 12439 (2013), the California Court of Appeal for the Fourth Appellate District decided an interesting fee case arising in the commercial litigation context....more
The four federal financial institution regulatory agencies—the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Office of the...more
The FRB, FDIC, OCC and NCUA (collectively, the “Agencies”) jointly issued guidance to financial institutions entitled InterAgency Supervisory Guidance Addressing Certain Issues Related to Troubled Debt Restructurings (the...more
Frank Grell is a partner at Latham & Watkins who chairs the firm’s German Restructuring and Insolvency Practice. Grell reflects on some of the major changes brought about by Germany’s 2012 Insolvency Act (Insolvenzordnung),...more
On October 18, New York DFS Superintendent Benjamin Lawsky commented on the New York Unified Court System’s proposal to require debt collectors to use standardized affidavits as evidence of ownership of debt when seeking...more
These publications will cover the key decisions from the Takeovers Panel and break them down to highlight the key implications and learning points relevant to you.
The Briefing Notes will all feature practical takeaway...more
What you need to know:
Two recent decisions have shown that courts will rely heavily on the plain meaning of contract language when considering the enforceability of make-whole provisions. The United States Court of...more
On September 5, the IRS issued temporary regulations on the application of the straddle rules to debt instruments (the "Temporary Regulations"). The Temporary Regulations provide that a taxpayer's obligation under a debt...more
It’s quite clear that the Federal Trade Commission and the Federal Communications Commission view existing federal consumer protection and communications statutes as fully applicable to new modes of communication such as...more
The state owned Holland Casino is under heavy financial fire. Recently it has been put under special supervision, due to a rising debt burden of € 60 million, rapidly going on €100 million....more
For 15 years, my Dad has been building and rebuilding his home. Awake every day at 4 am, he sits in his garage, listens to the radio, drinks his coffee, and sets the day’s agenda. By 6 am, my Dad is busy hammering, sawing,...more
In trying economic times, the employees of automotive companies and Next-Generation manufacturers, like those of other companies, face financial hardship. In some cases, this may translate into these companies facing higher...more
On September 18, Alabama Governor Robert Bentley announced new State Banking Department regulations that will create a state database of payday loans made to borrowers. Under the Alabama Deferred Presentment Services Act...more
Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House.
Maine’s Hospital Debt Paid Off -
Last week, Governor LePage delivered on a campaign...more
Few things are more stressful than owing money and having more debt than we can afford to pay back. Unfortunately, debt collectors know this and can (and will!) often try to use it to their advantage. If the debt is...more
In the third and final installment of this blog post series, we’ll return to last week’s question (Should I sell convertible debt or equity?), and consider the other side of the coin: choosing equity instead of debt. We’ll...more
On September 19, 2013, the California Public Utilities Commission (CPUC or Commission) approved a pilot on-bill repayment program that permits nonresidential customers of the state’s large investor-owned utilities (IOUs) to...more