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Paul M. Basta has joined the New York office of Paul, Weiss, Rifkind, Wharton & Garrison LLP as co-chair of the Bankruptcy & Corporate Reorganization Department. Basta was previously a partner in the New York office of Kirkland & Ellis, which he left in July. While at Kirkland, Basta represented a long list of distressed companies, including most recently Caesars Entertainment Operating Co.
Thompson & Knight LLP announced that Patrick Trostle has joined the firm's New York office as partner in the bankruptcy and restructuring practice group. Trostle was formerly a partner at Jenner & Block, and served as chair of its New York restructuring and bankruptcy practice.
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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.
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.
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.