News & Analysis as of

Insolvency State and Local Government

Lewis Roca

Arizona Voters Modify Creditors' Remedies with Passage of Proposition 209

Lewis Roca on

On November 8th, Arizona voters approved Proposition 209, which significantly modifies the rights of creditors. Although the pre-election publicity focused mostly on medical debt, Prop. 209 changes how all types of debt can...more

Kramer Levin Naftalis & Frankel LLP

Insurance Commissioner, Acting as Liquidator of RRG, Is Not a “Governmental Authority”

When is an insurance commissioner not a governmental authority? A federal district judge reminds us that a state insurance commissioner, when acting as receiver of an insolvent insurer, acts in a different capacity to his...more

Hinshaw & Culbertson - Insights for Insurers

State Insurance Commissioners Weigh In On Business Interruption Coverage for COVID-19 Losses

Over the past several weeks, we've seen legislators introduce bills to retroactively rewrite existing insurance policies to provide coverage for COVID-19 claims, and a flood of insurance coverage complaints filed across the...more

Seyfarth Shaw LLP

Rhode Island Superior Court Establishes Non-Liquidating Receivership Calendar in Response to Covid-19 Crisis

Seyfarth Shaw LLP on

On March 31, 2020, the Rhode Island Superior Court announced the creation of its COVID-19 Receivership Program. The Program establishes a unique non-liquidating receivership calendar intended to assist Rhode Island businesses...more

BCLP

Horizon Scanning 2020 - Key 2020 legal developments for UK companies

BCLP on

2020 will see companies report against the 2018 UK Corporate Governance Code for the first time. Amongst other things, companies will need to explain the methods used for workforce engagement and provide clear explanations...more

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