Over the next few years, a significant number of distressed bank-holding companies will face the end of interest-deferral periods and the prospect of payment defaults on certain debt inst...
Firms offering comprehensive financial services scored a significant victory on April 9, 2013, when Judge Robert Sweet of the United States District Court for the Southern District of New...
On December 31, 2012, Strategic Growth Bancorp Inc. (“Strategic Growth”), an El Paso, Texas-based bank holding company, acquired Mile High Banks (the “Bank”), a Colorado community...
In the August 2012 decision in the Tropicana case, the U.S. Court of Appeals for the Third Circuit upheld the U.S. Bankruptcy Court for the District of Delaware’s denial of a creditor g...
On July 9, 2012, the United States Court of Appeals for the Seventh Circuit issued a significant decision holding that a trademark licensee could continue to use a licensed trademark notw...
The first wave filers – the largest and most complex domestic and foreign bank holding companies – have now filed their living wills and the public portions have been posted on the FD...
In a Chapter 15 case presenting interesting considerations for cross border lenders and borrowers, the Bankruptcy Court for the Northern District of Texas declined to implement in the Uni...
The market is abuzz regarding the potential outcomes for American Airlines bondholders whose obligations are secured by American’s slots, gates and routes (SGR). As background, “slots...
In an apparent attempt to address delay and cost in the restructuring process, a provision of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) has imposed an u...
Before the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), indefinite extensions of a debtor’s initial 120-day exclusive period in which to fi...
