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Offit Kurman

Delaware Non-Consolidation Opinions: A Critical Tool in Structured Finance Transactions

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In sophisticated commercial real estate and other finance transactions, bankruptcy risk is not an abstract concern; it is a central underwriting consideration....more

Thomas Fox - Compliance Evangelist

AI Today in 5: February 18, 2026, The AI for Rural Healthcare Edition

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In...more

Jones Day

U.S. Bankruptcy Court Denies Chapter 15 Recognition of Maltese Liquidation Absent Evidence of Meaningful Activities Supporting...

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Having reached its 20th anniversary of enactment, chapter 15 of the Bankruptcy Code has proven to be an invaluable tool in assisting foreign debtors, their duly-appointed representatives, and foreign bankruptcy courts to,...more

Jones Day

The Year in Bankruptcy: 2025

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Of all the possible words to describe the economic and financial developments in the United States (and abroad) during 2025, "tumultuous" is probably the most apt. Global financial highlights included: trade disruptions...more

Husch Blackwell LLP

Eddie Bauer's North American Retail Operator's Chapter 11 Filing—What Creditors Should Know

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Eddie Bauer’s North American retail operator has filed for Chapter 11 bankruptcy, placing roughly 180 U.S. and Canadian stores into restructuring. While many locations are expected to remain open in the near term, the company...more

Foley & Lardner LLP

The Fifth Circuit Asks Texas Supreme Court – Is an Interest in a Texas LLC Exempt Property Under Texas Law?

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Tex. Bus. Orgs. Code §101.112 protects the operations of Texas limited liability companies from disruption by prohibiting a creditor or other party not otherwise authorized “to obtain possession of, or otherwise exercise...more

Seward & Kissel LLP

Avenger Endgame and Bauer Outage

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Florida-Based Aviation Group Files for Chapter 11 Bankruptcy | WhatNow - Less than a year after selling a majority stake in its Warsaw-based pilot training center, Avenger Flight Group filed for bankruptcy along with 20...more

King & Spalding

BackBack and Better Than Ever: How Bankruptcy Can Offer Restaurants a Strategic Reset

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Restaurant operators have grappled with significant change in the past few years. The lingering impact of the COVID-19 pandemic, combined with a daunting collection of economic issues, including rapidly increasing labor...more

Dickinson Wright

You Use It, You Pay for It: TRP Brands Reinforces Landlord Rights

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When tenant debtors continue to use leased space after filing for bankruptcy, they, by definition, benefit from such use. Landlords often hold off on pressing available remedies because of the debtor’s continued use and...more

Adams & Reese

Read the Fine Print: An Authorization Clause Rescues a Creditor's Lapsed $1 Million Agricultural Security Interest in Bankruptcy...

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A recent bankruptcy opinion delivers welcome news for secured creditors: Even if a financing statement lapses, a creditor can re-perfect its security interest by filing a new financing statement—so long as the underlying...more

Conyers

From Void Acts to Personal Liability: the UKSC on BVI Director Accountability

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When is a former director liable for post-liquidation fiduciary breaches? The UK Supreme Court’s decision in Mitchell and another (Joint Liquidators of MBI International & Partners Inc (in Liquidation)) v Sheikh Mohamed Bin...more

Ropes & Gray LLP

Distressed Debt Legal Insights: Special Edition: 2025 Takeaways and 2026 Outlook

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Welcome to a special edition of Distressed Debt Legal Insights, Ropes & Gray’s source of timely insights for professionals navigating the complex world of liability management and special situations finance....more

Levenfeld Pearlstein, LLC

Distressed Commercial Real Estate Update — Courts Curtail Certain Landlord Rights

A pair of recent tenant-friendly bankruptcy court decisions have (1) limited the scope of landlord priority expense claims, and (2) made it easier for a tenant in bankruptcy to assume and assign a lease over its landlord’s...more

Stikeman Elliott LLP

Beyond Elizabeth: The Current State of Fraudulent Conveyance and Fraudulent Preference Law in Canada

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I. INTRODUCTION: For decades, experts have recognized the need to reform Canada’s fraudulent conveyance and fraudulent preference laws (collectively, “reviewable transactions”), which have been described as “complex,...more

Mayer Brown

New York Court Draws Limits to Encroachment on Sacred Rights in STG Logistics

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On January 3, 2026, the New York State Supreme Court delivered a win to a group of minority lenders to STG Logistics (“STG”), denying four motions to dismiss the minority lenders' lawsuit seeking to unwind or be awarded...more

Morgan Lewis

Recent Bankruptcy Cases and Managing Fraud Risk

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Recent high-profile bankruptcy filings underscore how rapidly financial distress can escalate when aggressive growth strategies, complex financing structures, and weak controls intersect. The Tricolor Auto Group and First...more

Holland & Knight LLP

2025 Aviation Bankruptcy Update

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In keeping with the past five years, 2025 has continued to be an active time for airline restructurings and liquidations. The two largest U.S. aviation Chapter 11 proceedings that commenced during 2024, Spirit Airlines and...more

Patterson Belknap Webb & Tyler LLP

Bankruptcy Avoidance Law: Court Allows Bankruptcy Trustee to Sue a Subsequent Transferee Even When the Initial Transferee Isn’t a...

A bankruptcy trustee can recover an avoided fraudulent transfer from both the initial transferee and subsequent transferees. But can a trustee recover from a subsequent transferee if the initial transferee isn’t named as a...more

Thompson Coburn LLP

Bankruptcy Administration Improvement Act Doubles Chapter 7 Trustee Fee

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For the first time since 1994, the Bankruptcy Code has been amended to double the fees paid as compensation to trustees serving in Chapter 7 bankruptcy liquidation cases. On February 6, 2026, President Trump, after near...more

Stark & Stark

Out in the Cold: Eddie Bauer Files for Chapter 11 Bankruptcy in New Jersey

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​​​​​​​Eddie Bauer LLC, the retail operator of approximately 180 Eddie Bauer stores across the U.S. and Canada, filed for voluntary Chapter 11 bankruptcy protection on February 9, 2026, in the United States Bankruptcy Court...more

A&O Shearman

Global economy proves resilient to geopolitical volatility, but key markets are threatened by shifts in international trade

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The international restructuring landscape is evolving rapidly. In the EU, efforts to harmonize member states’ legal regimes continue. In the Middle East, maturing legal frameworks are creating greater certainty for...more

A&O Shearman

Germany Turns To Restructuring To Strengthen Corporate Resilience

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After several years of weak growth in the German economy, restructuring is emerging as a strategic tool to revitalize the country’s under-pressure businesses. Here we explore how the use of StaRUG, Germany’s preventive...more

A&O Shearman

Court rulings on “fair” treatment of creditors reshape UK restructuring landscape

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The UK courts are redefining the standards for creditor treatment under the country’s restructuring plans. Amid developing case law around “fairness” in court-sanctioned processes, market participants are exploring...more

A&O Shearman

Dutch Restructuring Framework Continues To Evolve While Providing Flexible Platform to support complex domestic processes

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Funding, enforcement and cross-border recognition will play a prominent role in Dutch restructurings in 2026, while WHOA—the Dutch restructuring tool—continues to evolve as court practice and wider adoption refine its key...more

Conyers

Oakwise Principles in Action: Recent Appointment of Receivers Over a Cayman Segregated Portfolio

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In Biostar Pharma, Inc. v. LFM Oversea Investment Fund SPC and LFM Stable Income Fund SP [2025] CIGC (FSD) 118, the Grand Court of the Cayman Islands appointed receivers over LFM Stable Income Fund SP (the “SP”), the...more

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