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State and Local Government › Insolvency

Cadwalader, Wickersham & Taft LLP

“ToMAYto, ToMAHto”: District Court Holds That Differences in State Law Determine Whether Unpaid Annual Pension Contributions...

Cadwalader, Wickersham & Taft LLP on

On March 21, 2025, the U.S. District Court for the Northern District of California affirmed a bankruptcy court’s dismissal of the San Benito Healthcare District’s chapter 9 bankruptcy petition on the grounds that the...more

Orrick, Herrington & Sutcliffe LLP

Colorado enacts its Voidable Transactions Act

Orrick, Herrington & Sutcliffe LLP on

On April 7, Colorado enacted SB 25-133, titled the Colorado Voidable Transactions Act, which amended and renamed the statute formerly known as the “Colorado Uniform Fraudulent Transfers Act.” The Act originally created a...more

Harris Beach Murtha PLLC

New Cannabis Litigation Questions New York’s Compliance with Governing Laws

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A new lawsuit recently commenced within the Onondaga County Supreme Court alleges the New York State Office of Cannabis Management (“OCM”) and the New York State Cannabis Control Board (“CCB”) have allegedly handled New York...more

Womble Bond Dickinson

Arizona Voters Modify Creditors' Remedies with Passage of Proposition 209

Womble Bond Dickinson 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”

Kramer Levin Naftalis & Frankel LLP on

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

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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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