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On October 7, 2016, Reed Smith assisted the International Energy Credit Association ("IECA") in preparing an enforceability opinion for the release its Master Netting Agreement (the "MNA") under both English and U.S. law.

Rite Aid is in financial trouble, and with over 1000 federal, as well as a number of state-level lawsuits over allegations that the company contributed to the opioid crisis by oversupplying painkillers, etc., it is preparing to file a Chapter 11 bankruptcy.

The Seventh Circuit reverses the district court and affirms the bankruptcy court, finding that the hospital assessment fee of the state was a pre-petition claim and thus subject to the automatic stay.

A discussion on a recent Second Circuit decision which resolved a split of authority among lower courts in the Southern District of New York regarding which point in time a court presented with a request for recognition of a foreign proceeding should examine to determine the situs of a foreign debtor's center of main interests.

In this article, published in the August 2018 issue of the American Bankruptcy Institute Journal, George Shuster and Benjamin Loveland discuss a recent decision in In re National Bank of Anguilla that provided an opportunity for the court to explain a coordinated vision for applying international comity principles in cross-border insolvencies.

Courts have continued to rule on the appropriate treatment in bankruptcy of a tax refund pursuant to a tax-sharing agreement (TSA) that is silent on how the refund should be treated in a bankruptcy proceeding.

On March 2, 2016, each of the seven debtors which collectively comprise Sports Authority filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code.

The New York Business Litigation Practice and the Financial Restructuring and Bankruptcy Practice have scored another major victory, as the United States District Court for the Eastern...

Yesterday, Global Tetrahedron, the corporation that owns the satirical news website The Onion, was the winning bidder for Alex Jones' Infowars at a Chapter 7 bankruptcy auction.

As lenders continue to sell sub- and non-performing loans in today's market, buyers should consider important legal, financial, and commercial analyses...

The Sixth Circuit affirms the B.A.P.'s decision dismissing the appeal for mootness. The debtor appealed an order converting its case from Chapter 11 to Chapter 7 but did not seek or obtain a stay of the conversion order.

In this episode of the TMA Chicago Midwest Podcast, host Paul Musser speaks with Angela Allen, a partner at Jenner & Block.

In this episode of the TMA Chicago Midwest podcast, Robert Meyers, President and Chief Commercial Officer of Republic Business Credit, discusses the role of refinancing and lending in today's...

In this episode of the TMA Chicago Midwest podcast, Sandy Prabhakar, managing director at Armory, shares insights from his more than 20 years of experience.

In BB Syndication Services v. First American Title Insurance Co., Case No. 13-2785 (7th Cir.), the Lender, exercising its contractual rights to cease funding, did so because of expected cost overruns.

Kathleen M. Aiello and Michael R. Herz were contributing authors to "Understanding Ordinary: A Primer on Financial and Economic Considerations for the Ordinary Course Defenses to Bankruptcy...

The United States Supreme Court has held that the sovereign immunity waiver in Section 106(a) of the Bankruptcy Code does not extend to state law claims...

Most lawyers familiar with chapter 15 cross-border insolvency proceedings might assume that "foreign" debtors in chapter 15 cases must be foreign entities — that is, entities not organized under the laws of U.S. states.