US Supreme Court Takes Up Bankruptcy Clawback Dispute

Category: Bankruptcy Law
Published: Monday, 08 May 2017
The U.S. Supreme Court has agreed to examine whether U.S. bankruptcy law can unwind securities transactions that pass through financial institutions acting as payment conduits.

Chapter 15 Does Not Prohibit Foreign Representatives From Pursuing State And Foreign Law Avoidance Actions

Category: Bankruptcy Law
Published: Sunday, 07 May 2017
Looking to the precise language of chapter 15, the court found that section 1521(a)(7) does not modify a foreign representative's right to seek relief in the form of avoidance actions if the basis of such relief is non-bankruptcy law and the foreign ...

Trio Of Directors Urge US Bankruptcy Court To Nix Israeli Suit

Category: Bankruptcy Law
Published: Saturday, 06 May 2017
Law360, Wilmington (April 24, 2017, 3:29 PM EDT) -- Three former directors of Chapter 15 debtor and now-defunct electric car company Better Place Inc. again urged a Delaware bankruptcy court on Friday to toss a suit its liquidators have brought against ...

How a GOP bill could cause the next financial crisis

Category: Bankruptcy Law
Published: Friday, 05 May 2017
The theory behind FIBA is that, if we can just tune up Chapter 11 bankruptcy law by enacting a new subchapter V to the Bankruptcy Code, then a large, failing financial institution will be better able to resolve itself in bankruptcy just like any other ...