Puerto Rico's $70B Case To Test Untried Restructuring Law

Category: Bankruptcy Law
Published: Tuesday, 16 May 2017
Law360, Wilmington (May 3, 2017, 10:08 PM EDT) -- Puerto Rico's court-supervised $70 billion debt restructuring under specially crafted federal legislation plunges the territory into uncharted waters that may seem to resemble other big event ...

Lehman Employees Denied Bankruptcy Preference

Category: Bankruptcy Law
Published: Sunday, 14 May 2017
The ruling is an application of bankruptcy law's absolute priority rule, in which creditors are paid ahead of shareholders in the distribution of a corporation's assets.

Egypt passes a long-promised investment law

Category: Bankruptcy Law
Published: Saturday, 13 May 2017
The cabinet approved the country's first-ever bankruptcy law in January. Recent improvements to industrial licensing are supposed to reduce waiting times from a lethargic average of 634 days to a brisk month.

RBI Gets More Power Over Indian Bank NPAs - Bankruptcy An Essential Part Of Market System

Category: Bankruptcy Law
Published: Saturday, 13 May 2017
However, just changing the bankruptcy law isn't enough. For within the state owned banks there are vast rafts of loans that just aren't going to be repaid, the non-performing accounts.