In a highly anticipated decision, on March 22 a split panel of the 3rd U.S. Court of Appeals affirmed the District Court by holding in In re Philadelphia Newspapers, LLC that a debtor may...
In a much anticipated decision, on March 22, 2010, a split panel of the United States Court of Appeals for the Third Circuit affirmed a District Court decision holding that a debtor may b...
In an opinion issued on January 20, 2010 in the chapter 11 case of Premier International Holdings, Inc.,1 an affiliate of theme park owner and operator Six Flags, Inc., Judge Christopher ...
Marshall S. Huebner, who co-heads Davis Polk’s Insolvency and Restructuring Group and served as lead counsel in several airline restructurings, testified by invitation before Congress o...
On November 24, 2009, Judge James M. Peck of the United States Bankruptcy Court for the Southern District of New York issued a significant decision [1] in the ION Media Networks, Inc. ban...
In two recent decisions, the U.S. Court of Appeals for the Fifth Circuit and the U.S. District Court for the Eastern District of Pennsylvania held that a debtor may prohibit secured credi...
Articles & Books
The International Comparative Legal Guide to: Corporate Recovery & Insolvency 2009
One of the cornerstones of the U.S. Chapter 11 process is the absolute priority rule, which requires that, unless they consent otherwise, junior creditors may not receive any value on acc...
As a two-time American Lawyer Dealmaker of the Year—most recently for his work advising the Treasury Department and Federal Reserve Bank of New York last fall—Davis Polk & Wardwell ba...
Marshall Huebner, cohead of Davis Polk’s restructuring group, has represented a long list of corporate clients in high-stakes, death-throes bankruptcies or restructurings, including Del...
