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Dickinson Wright

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

Dickinson Wright on

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...

Adams & Reese on

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

Conyers on

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

Ropes & Gray LLP on

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

Stikeman Elliott LLP on

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

Mayer Brown on

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

Morgan Lewis on

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

Holland & Knight LLP on

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

Thompson Coburn LLP on

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

Stark & Stark on

​​​​​​​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

A&O Shearman on

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

A&O Shearman on

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

A&O Shearman on

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

A&O Shearman on

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

Conyers on

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

Hogan Lovells

Business interruption insurance: lessons from Covid-19, five years on

Hogan Lovells on

With the limitation clock running down for covid-19 business interruption (BI) claims in the UK, Hogan Lovells partner Lydia Savill, counsel Sara Bradstock and associate Sophie Warren offer key insights for insurance...more

A&O Shearman

Italy set for a busy year of restructuring activity in 2026

A&O Shearman on

Italy’s rescue-first approach under its restructuring and insolvency code, the CCII, is driving earlier corporate turnarounds and will create a broader range of distressed M&A opportunities for investors over the coming...more

A&O Shearman

Mainland China and Hong Kong markets continue to experience distress, with further “second round” restructurings expected

A&O Shearman on

Mainland China and Hong Kong are grappling with ongoing market distress and continued pressure on their real estate sectors. As restructuring activity intensifies, we look ahead to how these deals are likely to play out over...more

A&O Shearman

U.S. restructuring 2025 review and 2026 outlook

A&O Shearman on

U.S. bankruptcies and restructurings are expected to remain broadly steady in 2026, providing ample opportunity for restructuring and special situations investment. In the meantime, the U.S. market is assessing the...more

A&O Shearman

Refinancings And High Energy Costs Set To Drive Australian Restructurings In The Year Ahead

A&O Shearman on

Australia’s restructuring prospects are being shaped by higher refinancing costs and pressures in the country’s energy system. Deal execution will also depend on regulatory clearance, workforce liabilities and how confidently...more

A&O Shearman

New law on rehabilitation and bankruptcy: bringing Vietnam’s bankruptcy regime closer to international practice

A&O Shearman on

Vietnam has overhauled its decade-old bankruptcy legislation and enacted Law on Rehabilitation and Bankruptcy No. 142/2025/QH15 (RBL 2025), which will take effect on March 1, 2026 and replace the existing Law on Bankruptcy...more

King & Spalding

Bankruptcy Court Denies Stay in Class Action Alleging $100 Million Special Needs Trust Fraud

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On November 21, 2025, the U.S. Bankruptcy Court for the Middle District of Florida denied American Momentum Bank’s request to stay an adversary class action accusing the bank of aiding and abetting the theft of more than $100...more

Troutman Pepper Locke

Financial Services Industry 2025 Digital Assets Year in Review

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In 2025, the U.S. digital asset landscape evolved more dramatically than in any year since the industry’s inception. A pro‑innovation White House, an active Congress, and key regulators — including the U.S. Securities and...more

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