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For the third time in six years, the Second Circuit visited mandatory subordination of claims under Title 11 of the United States Code (the Bankruptcy Code. This article discusses the history of mandatory subordination and the current state of the law.
Saint Vincent Catholic Medical Centers of New York and its debtor-affiliates (collectively SVCMC) filed Chapter 11 cases in 2010 in the Southern District of New York. This article addresses some of the case's complexities.
Features
The U.S. Court of Appeals for the Ninth Circuit has issued an amended decision to retract <i>Du v. Allstate Ins. Co. et al.</i>, in which the court opined that, under California law, an insurer has a duty to promptly effectuate settlement when liability of its insured is reasonably clear, even absent a settlement demand by the claimant.
Businesses that have suffered losses because of Superstorm Sandy may have substantial financial protection through their insurance policies. This article provides the ABC's of maximizing coverage.
Features
Law firm management should ensure that partners and senior associates (potential partners) understand the basic concepts pertaining to partners' capital accounts.
Features
The expectations of today's clients cannot be met by the trappings of traditional law practices. Considering the way clients now expect and demand that their lawyers engage with them, using project management is a perfect way to support the process.
As the economic outlook has continued to remain uncertain and the inability of law firms to reduce or hold the line on expenses becomes more apparent, law firms are increasingly looking at oursourcing.
Features
This article focuses on the specific areas of law firm partnership agreements that require an accountant's input and expertise.
