18 May, 2022 Commercial Leases in Bankruptcy Cases: Are "Mothball" Motions Mothballed? By Shari Dwoskin As stores across the country were being shuttered due to COVID-19 restrictions and operating cash became scarce, retailers began...
20 Apr, 2021 To Be or Not to Be…a Director? By Brown Rudnick When involved in the management of a company, there is a risk, particularly at a more senior level, of individuals being deemed a...
20 Apr, 2021 Unwinding Government Support – What Should Directors Do Now… By Brown Rudnick Avid readers of this blog, insolvency aficionados, or anyone who may have glimpsed the news over the past year will not have failed to...
04 Feb, 2021 MAB Leasing Limited’s Proposed Scheme of Arrangement – English High Court Approves Convening of Single Meeting of Single Class of Aircraft Lessors By Brown Rudnick On 20 January 2021, the English High Court approved MAB Leasing Limited ("MABL") to convene a single meeting of a single class of...
02 Feb, 2021 A Reminder on the Interplay of the Gibbs Rule and CBIR – Gunel Bakhshiyeva v Sberbank of Russia & Ors By Reena Patel At midnight on 31 December 2020, the Brexit transition period came to an end and although the announcement in the days before that a deal...
24 Dec, 2020 Case Summary: Sunbird Scheme Sanctioned By Chloë Kealey On 16 December 2020, Justice Snowden sanctioned Sunbird Business Services Limited's (“Sunbird”) Scheme of Arrangement having previously...
24 Dec, 2020 Look Before You Leap: A Warning to Creditors on the Importance of Considering the Consequences of Intercreditor Arrangements when Seeking to Enforce By Brown Rudnick The recent case of Arlington Infrastructure Limited (in administration) 1 demonstrates the importance of complying with the conditions...
24 Oct, 2020 Federal Court of Australia Sheds Light on What It Means to “Give Possession” Under the Cape Town Convention’s Aircraft Protocol By Brown Rudnick On 7 October 2020, the Full Federal Court of Australia handed down its judgment in Wells Fargo Trust Company, National Association...
10 Oct, 2020 Pizza Express to Use Part 26A Restructuring Plan By Brown Rudnick On 30 September 2020, the English High Court granted PizzaExpress Financing 2 plc ("Company" or "Pizza Express") permission to proceed to...
08 Oct, 2020 U.K. Court Sanctions First New Restructuring Plan for Virgin By Chloë Kealey In June 2020, the Corporate Insolvency and Governance Act came into force, introducing a new restructuring tool into Part 26A of the...
25 Sep, 2020 Fakhry V Pagden & Anor: Court of Appeal Confirms That Members’ Voluntary Liquidations Are Controlled by the Shareholders By Chloë Kealey On 15 September 2020, the Court of Appeal overturned a High Court decision, which threatened the corporate autonomy of majority...
18 Mar, 2020 Timing is Everything…. Proposed Reforms to Chapter 15 on Hold for Now? By Matthew Sawyer Pursuant to the UK's Cross Border Insolvency Regulation 2006 ("CBIR") and the US' Chapter 15, the location of a debtor's center of main...