The U.S. bankruptcy court in New York recently issued an important decision under Chapter 15 of the U.S. Bankruptcy Code concerning the restructuring of U.S. law governed debt in a foreign insolvency proceeding. In re Mega...more
In 2023, the economies of some nations stagnated, but developing economies particularly struggled. As a new year commences, some of these countries will continue their efforts at restructuring their debts—a process that has...more
Here’s an update on recent political, social, and economic developments in Venezuela. From our perspective as a blog focused on insolvency and restructuring topics, the upshot of what’s been taking place in Venezuela is that...more
7/25/2019
/ Bankruptcy Code ,
Bonds ,
Chapter 15 ,
Creditors ,
Debt ,
Debt Restructuring ,
Economic Sanctions ,
Imports ,
Oil & Gas ,
State-Owned Enterprises ,
Venezuela
Last year, we discussed a decision by Judge Sean Lane of the United States Bankruptcy Court for the Southern District of New York concerning section 109(a) of the Bankruptcy Code. In a recent cross-border case, In re PT...more
5/31/2019
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 15 ,
Choice-of-Law ,
Commercial Bankruptcy ,
Creditors ,
Cross-Border ,
Debt Restructuring ,
Debtors ,
Eligibility ,
Filing Requirements ,
Forum Selection ,
Noteholders
In a recent cross-border insolvency case, In re Agrokor d.d., 591 B.R. 163 (Bankr. S.D.N.Y. 2018), Judge Glenn of the United States Bankruptcy Court for the Southern District of New York recognized and enforced a...more
Started as a mail-order retailer, evolved to brick-and-mortar stores in urban areas and expanded to a big-box retailer through merger, Sears is now facing the most turbulent time in its history. On October 15, 2018, Sears...more
10/24/2018
/ Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Debt Financing ,
Debt Restructuring ,
Debtors ,
Debtors-in-Possession ,
Lenders ,
Liquidity ,
Retailers ,
Sears
It’s hard to find something positive these days to write about Venezuela. Some basic facts tell the story of the misery there.
Consumer prices this year might rise one million percent. The minimum wage was increased by...more
10/19/2018
/ Appeals ,
Arbitration ,
Arbitration Awards ,
Banking Sector ,
Bonds ,
Chamber of Commerce ,
Corruption ,
Debt ,
Debt Restructuring ,
Economic Sanctions ,
Enforcement Actions ,
Exports ,
ICSID ,
Motion To Stay ,
Oil & Gas ,
Oil Reserves ,
Settlement Agreements ,
Venezuela
Perhaps this is one of the first articles you’re reading about the debt crisis in Venezuela. It won’t be the last. The situation there is bad and will get worse. ...more
11/17/2017
/ Asset Seizure ,
Bonds ,
Creditors ,
Debt ,
Debt Restructuring ,
Economic Sanctions ,
Executive Orders ,
International Monetary Fund ,
Investment Banks ,
Oil Reserves ,
Price Inflation ,
Trump Administration ,
Venezuela
On May 3, 2017, the Financial Oversight and Management Board for Puerto Rico filed a voluntary petition for relief on behalf of Puerto Rico in federal court there. The filing required the Chief Justice of the United States...more