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Duane Morris LLP has named associates William Heuer in New York and Christopher Winter in Wilmington, DE, to the firm partnership. Heuer practices in the area of business and financial restructuring, bankruptcy law and creditors' rights litigation. He has been involved in a number of landmark bankruptcy cases decided by the U.S. Supreme Court. Winter represents debtors, creditors' committees and secured and unsecured creditors in Chapters 11 and 7 business bankruptcies, and has represented trustees and defendants in bankruptcy and related litigation in the state and federal courts of Delaware. He also represents borrowers, lenders and investors in a variety of financing transactions, including secured and asset-based credit facilities and venture capital financings.
Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, has elected Alice Belisle Eaton and Elizabeth R. McColm to the firm partnership in the bankruptcy department. Eaton will target her practice on corporate restructurings and Chapter 11 cases, focusing on transactions arising in the context of out-of-court workouts, post-petition financings, asset sales and emergence transactions, including exit financings and rights offerings. McColm will focus on insolvency matters for debtors, official creditors committees, ad hoc bondholder groups, investors and acquirers.
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.