It may be fair to say that non-US entities involved in a chapter 15 case, the mechanism through which US courts recognize foreign insolvency proceedings, do not anticipate having to litigate claims raised in the chapter 15...more
On November 11, 2022, FTX, the world’s third-largest cryptocurrency exchange, filed for Chapter 11 bankruptcy protection in the United States. Reports suggest that the exchange might have a shortfall of as much as US$8...more
On December 12, 2019, the US Court of Appeals for the Sixth Circuit issued a highly anticipated ruling in the FirstEnergy Solutions Corp. bankruptcy case, regarding the efforts of FirstEnergy Solutions Corp. (FirstEnergy or...more
1/9/2020
/ Abrogation ,
Adversary Proceedings ,
Appeals ,
Bankruptcy Code ,
Bankruptcy Court ,
Business Judgment Rule ,
Chapter 11 ,
Commercial Bankruptcy ,
Exclusive Jurisdiction ,
Executory Contracts ,
Federal Power Act ,
FERC ,
Jurisdiction ,
Power Purchase Agreements ,
Preliminary Injunctions ,
Remand ,
Reversal
In 2008, SemCrude, L.P. and related entities (collectively, SemCrude or the Debtors) filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. In connection with the SemCrude bankruptcy, a dispute...more
8/25/2015
/ Chapter 11 ,
Commercial Bankruptcy ,
Commodities ,
Derivatives ,
Energy Sector ,
Fraud ,
ISDA Master Agreement ,
Jurisdiction ,
Oil & Gas ,
Ordinary Course of Business Defense ,
Summary Judgment ,
Uniform Commercial Code (UCC)