Call 855-808-4530 or email GroupSales@alm.com to receive your discount on a new subscription.
Bankruptcy and restructuring attorneys Nancy A. Mitchell, Maria J. DiConza, and Matthew Hinker have joined the New York office of O’Melveny & Myers LLP. Ms. Mitchell and Ms. DiConza will join as partners and Mr. Hinker as counsel. All three previously practiced together at Greenberg Traurig, where Ms. Mitchell was co-chair of the firm’s Global Restructuring and Bankruptcy practice and co-managing shareholder of the New York office. Ms. DiConza, brings more than 20 years of experience in complex financial restructuring and debtor and lender/creditor representations across industries including food services, municipal, healthcare, manufacturing, energy, financial services, and for-profit education. Mr. Hinker focuses his practice on complex Chapter 11 bankruptcy proceedings, adversary proceeding litigation, and other insolvency-related matters.
*May exclude premium content
By John J. Rapisardi and Joseph Zujkowski
Plan support agreements are often an essential component of a successful complex Chapter 11 reorganization and provide a framework for a debtor’s financial restructuring. These agreements have increasingly been used to induce core groups of major lenders and bondholders to support a debtor’s restructuring in return for enhanced recoveries.
By Thomas R. Slome, Michelle McMahon and Sophia Hepheastou
On Dec. 6, 2019, Gov. Andrew Cuomo signed legislation modernizing New York’s 95-year-old fraudulent conveyance law and making it consistent with the U.S. Bankruptcy Code and the law of at least 44 other states. The Uniform Voidable Transactions Act (UVTA) primarily clarifies the rights and remedies of parties involved in transactions with financially distressed entities.
By Francis J. Lawall and Kenneth A. Listwak
In the day-to-day practice of bankruptcy law, it may occasionally be tempting to dismiss “reservation of rights” language as unnecessary or unimportant — after all, a pragmatically minded court will consider the economic reality of the case before it. Right? Well, the U.S. District Court for the District of Delaware’s recent ruling in Emerald Capital Advisors v. Victory Park Capital Advisors (In re KII Liquidating) demonstrates the flaws in that way of thinking.
By Zach Shelomith
The advantages of Chapter 11 bankruptcy are oftentimes unavailable to small businesses and its owners. The substantial disclosure and reporting requirements alone scare off many potential debtors. In response to this problem, Congress recently created the Small Business Reorganization Act of 2019.