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Bankruptcy Court Finds No Jurisdiction over Asbestos Trusts' Requests for Relief from Discovery
Judge Judith K. Fitzgerald of the U.S. Bankruptcy Court for the District of Delaware has dismissed five actions initiated by asbestos-related trust funds seeking a declaration on the limitation of discovery obtainable by insurers in other asbestos-related actions, holding that no subject matter jurisdiction existed in the bankruptcy court because the matters neither arose from nor were closely related to the bankruptcies. The court did, however, find that one bankruptcy plan may by its terms convey jurisdiction on the bankruptcy court over discovery issues related to a single trust and three insurers. ACandS Asbestos Settlement Trust, et al. v. Hartford Accident Indem. Co., et al., Nos. 10-53719, 10-53702, 10-53721, 10-53720, 10-53712 (Bankr. D. Del. Feb. 22, 2011).
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.