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The Bankruptcy Strategist
ALM Reprints
Articles from Related Newsletters
The Balance Sheet
The Corporate Counselor
This article is the second installment in an ongoing series focusing on accounting and financial matters for corporate counsel.

Four Rules for Tax-Exempt Organizations
Employment Law Strategist
The use of volunteers and interns by nonprofits comes with legal risks, which may be reduced by following four basic rules. This article discusses both federal and California state law.

Bankruptcy Filing May Not Prevent Enforcement of Non-Compete Against Franchisee
LJN's Franchising Business & Law Alert
A U.S. district court recently held that a bankruptcy court abused its discretion in denying a franchisor’s motion for relief from the U.S. Bankruptcy Code’s automatic stay when the franchisee’s bankruptcy petition was filed after the franchisor had previously filed litigation against the franchisee to enforce a covenant not to compete.

What Private Equity Needs to Know About the FCPA
Business Crimes Bulletin
In the past, private equity firms and hedge funds have not been subject to the rigorous regulatory scrutiny applied to publically traded companies under the FCPA. However, it appears that this trend may be changing.

Top Stories
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Headlines
De Facto Chapter 11 for the Unconsolidated ‘Identity of Interest’ Enterprise (Case Study)
Sometimes a lethal combination of a proceeding’s cost and deleterious operational effect will result in forced liquidation rather than restructure. Such was the dilemma faced by economically troubled GGI in June 2010.

Debtors May Benefit from § 363 Protections Post-Confirmation
Capmark’s sale of its remaining Low-Income Housing Tax Credit Business is a recent example of the approval of a sale of assets under § 363 of the Bankruptcy Code following the confirmation of a debtor’s plan.

S.D.N.Y. Endorses Commonly Used Procedures for Providing Adequate Assurance to Utility Providers
At least one United States District Court has approved of specific procedures to adequately assure utility providers of payment following a bankruptcy filing.

On the Move
Who's going where; who's doing what.

February Issue in PDF Format