Thames Water Debt Insurer Taps Advisers as Crisis Deepens
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Can a U.S. Court Sell a Foreign Debtor’s U.S. Assets ‘Free and Clear’?
Delaware’s Judge Laurie Selber Silverstein tackled several novel questions about a U.S. court’s authority in chapter 15 to approve novel, foreign transactions and sell the foreign debtor’s property in the U.S.
Court:
New York Judge Rejects a ‘Lockup’ Long Before a Plan Is Negotiated
New York’s Judge Martin Glenn disapproved a lockup agreement masquerading as a plan-support agreement that required the creditor to vote for any plan the debtor might propose.
Cross-Border Recovery in Fraudulent Schemes
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Eleventh Circuit Invited to Sit En Banc on Eligibility for Chapter 15 Recognition
For the time being, the Eleventh Circuit has split with the Second Circuit on whether a chapter 15 debtor must have property in the U.S. to gain foreign recognition.
Court:
LATAM Airlines to Start Process of Re-Listing Shares on NYSE
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Chilean Telecommunications Provider WOM Files for Chapter 11
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Chile Telecom Operator WOM Files for Bankruptcy in the U.S.
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Airline SAS Receives U.S. Court Approval for Bankruptcy Restructuring
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Byju’s Must Freeze $533 Million in Win for Lenders, Judge Says
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