Two recent bankruptcy court decisions have increased uncertainty over the right of secured creditors to credit bid in sales of debtors’ assets. Relying on and expanding a rarely used ?...

COMMENTARY BY MARSHALL HUEBNER As Detroit nears a crucial point in its restructuring, what lessons does the city’s historic bankruptcy offer troubled municipalities? Efforts by municipa...

In November 1991, Robert Maxwell — the larger-than-life publishing magnate — mysteriously drowned alongside his yacht. Within months of Maxwell’s death, his media empire had collaps...

As the pace of Chapter 11 filings jumped in the aftermath of the 2008 financial crisis, bankruptcy courts found their resources increasingly stretched. The number of Chapter 11 ‘mega-ca...

What does the Delaware Chancery Court’s Rural/Metro ruling mean for advisers to distressed companies? Did the court reach the right conclusion? Rural/Metro provides a cautionary tale f...

Despite pressure on US public companies to adopt certain governance practices, a review ofthe largest initial public offerings (in terms of deal size) shows that newly public companiescon...

In a recent article in Global Capital, Annette Nazareth and Jeff Dinwoodie of Davis Polk’s Financial Institutions Group discuss the CFTC rules and regulations governing derivatives clea...

Davis Polk lawyers Meyer C. Dworkin and Monica Holland recently contributed a chapter to The International Comparative Legal Guide to: Lending & Secured Finance 2014, Second Edition. In ?...

On March 12, the SEC issued a 400-page rule proposal that, if adopted as proposed, would impose a multitude of new compliance requirements on The Options Clearing Corporation (“OCC”),...