Wal-Mart, other retailers fight for right to seek Hanjin claims

Category: Bankruptcy Law
Published: Wednesday, 30 November 2016
The opponents to the plan, known as common benefits claimants, argue that under South Korean bankruptcy law their claims are not part of the bankruptcy proceeding, because the claims concern debts accrued by the carrier after it filed for bankruptcy.

United States: Bankruptcy Group Explores Fee Defense Litigation Post-Asarco

Category: Bankruptcy Law
Published: Wednesday, 28 June 2017
"Nortel demonstrates that, even after Asarco, courts might allow fees and expenses for defending fee applications where recovery is based on contractual or applicable non-bankruptcy law rather than express statutory authority under the Bankruptcy Code ...

D&O Insurer Off The Hook In Capitol Bancorp Suit: 6th Circ.

Category: Bankruptcy Law
Published: Tuesday, 27 June 2017
Circuit Judge Bernice Donald dissented, arguing that the decision went against some of the fundamental principles of bankruptcy law and would discourage companies from debtor-in-possession plans, instead sending them down the more expensive and ...

RBI, Banks And NPAs - First, Reform India's Bankruptcy Code, Then Force Defaulters Into It

Category: Bankruptcy Law
Published: Monday, 26 June 2017
We've now a bankruptcy law that allows for the dissolution of a company that cannot meet its debts. And we've also got the RBI, from the other side, insisting that the banks force through a resolution of those who are not paying their debts.