The Bankruptcy Law Review is a collaboration of expert legal practitioners and academicians who write about both the legal and public policy aspects of corporate bankruptcy law.

Welcome to Bankruptcy Law Review

Welcome to Bankruptcy Law Review

BankruptcyLawReview.com is the result of a collaboration among leading legal experts and academicians in the area of Bankruptcy Law, including emphasis on the issues of fraudulent conveyances, preferences, and former officer, director, and shareholder liability. These legal matters have risen in importance among practitioners, judges, governments, corporate leaders and the public in recent years, creating an increased demand for current and authoritative law articles addressing them. The authors of Bankruptcy Law Review have set forth to contribute their knowledge on the subject and, in so doing, highlight their expertise in this very relevant area of the law.

News

High Court Puts Bankruptcy Attys On Hook For Fee Disputes

June 15, 2015

Source: Law360

Bankruptcy lawyers cannot get reimbursed for defending their legal fees from attack, the U.S. Supreme Court ruled Tuesday, rejecting Baker Botts LLP’s quest to recoup $5.2 million it said it spent resolving a billing argument with former client Asarco LLC. Read this article.

Dechert Sued By Bottle Maker Over Ch. 11 Exec. Pay

June 12, 2015

Capsule International Holdings LLC, formerly known as Constar, has hit former Chapter 11 counsel Dechert LLP and bondholders including JP Morgan Investment Management Inc. with a $20 million suit accusing them of defrauding creditors in a hidden scheme to divert money to the bankrupt bottle maker's former bosses in a sham incentive deal. Read this article.

Colt May Pull Trigger On Ch. 11 If Bond Exchange Misfires

June 10, 2015

Source: Law360

Cash-strapped Colt Defense LLC has told holders of its senior notes due 2017 that they have until Friday night to exchange that debt for notes due in 2021, and take a 55 percent haircut in the process, in an effort to avoid a possible firefight between lenders and Sciens Management, its private equity owner, in bankruptcy court. Read this article.

Lehman Trustee Strikes $1.3B Deal To End Barclays Asset Fight

June 5, 2015

Source: Law360

The trustee for Lehman Brothers Inc. has agreed to pay nearly $1.3 billion to resolve long-running litigation with Barclays Capital Inc. over the sale of the collapsed investment bank's brokerage business, according to papers filed Friday in New York bankruptcy court. Read this article.

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High Court Strengthens Bankruptcy Court Jurisdiction

May 26, 2015

Source: Law360

The U.S. Supreme Court ruled Tuesday that bankruptcy courts have the authority to make final decisions on certain legal claims that help liquidate a debtor or adjudicate a bankruptcy proceeding, a decision that affirms the jurisdictional authority of bankruptcy courts. Read this article.

Exide Wins Nod For Ch. 11 Plan To Slash Debt By $600M

May 12, 2015

Source: Law360

A Delaware bankruptcy judge blessed Exide Technologies Inc.'s reorganization plan on Friday, clearing the way for the battery maker to emerge from a lengthy stint in Chapter 11 with its debt load lightened by $600 million. Read this article.

OAS Will Roll Dice For Chapter 15 Status, Attys Say

May 8, 2015

Source: Law360

Attorneys for Brazilian construction giant OAS SA said Thursday that it's confident a New York bankruptcy judge will grant the company's request for protection from U.S. creditors as it restructures in its home country, but acknowledged it will be left “scrambling” and immediately facing multiple hedge fund lawsuits if the company's plan falls flat. Read this article.

Endeavour Pivots To Ch. 11 Sale Over Oil Price Drop

May 1, 2015

Source: Law360

Endeavour Operating Corp. ditched a prenegotiated $568 million debt-cutting strategy blown up by plunging energy prices, announcing new restructuring plans on Wednesday to auction its U.S.-based exploration and production assets out of bankruptcy. Read this article.