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Kobre & Kim LLP announced that Daniel Saval has joined the firm's cross-border insolvency litigation practice as a partner in the New York office. Formerly a partner at Brown Rudnick, Saval represents clients in multijurisdictional insolvency and corporate restructuring disputes, and he has particular experience in contentious proceedings involving funds in liquidation triggered by fraud or wrongdoing. Saval recently represented Carl Icahn entities in the Trump Entertainment bankruptcy proceedings, during which Mr. Saval litigated plan confirmation issues relating to cramdown interest rates, enforceability of intercreditor agreement provisions and termination of intellectual property licenses.
Joshua Morse has joined the Restructuring group of DLA Piper as a partner in the firm's San Francisco office. Morse focuses his practice on the representation of bondholders, debtors, secured lenders, indenture trustees and creditors' committees. His experience includes both out-of-court restructuring negotiations and representing bondholders in complex matters in bankruptcy courts across the nation. He serves clients across a wide range of industries and sectors, including technology, gaming, media, retail, aerospace, transportation, oil and gas, power generation, mining and manufacturing. Prior to joining DLA Piper, Morse was a partner with Jones Day.
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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.
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.
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