Perspectives on Financial Restructuring & Bankruptcy

Finance Partner Les Jacobowitz spoke with Banking New York after attorneys general in at least five states began conducting investigations tied to alleged manipulation of the London interbank offered rate (LIBOR), adding to probes by US and UK authorities.

WASHINGTON — Fifty Arent Fox LLP attorneys have been rated as leaders in their profession by The Best Lawyers in America 2020.

The New York Law Journal reported last year that Arent Fox’s Les Jacobowitz asked but no one—not class counsel, the judge, and certainly not the banks—had an answer.

The 2019 edition of Legal 500 US has rated 49 Arent Fox LLP attorneys as national leaders in their field. In addition, 15 of the firm’s practice areas were ranked among the best in the country.

Decision is a Win for Trademark Licensees

WASHINGTON, DC – Chambers USA: America’s Leading Lawyers for Business has recognized 31 Arent Fox LLP attorneys as leaders in their field.

Arent Fox has been engaged by BOKF, NA as successor trustee for approximately $17,525,000,000 aggregate principal amount of senior unsecured notes issued under three indentures in the Pacific Gas and Electric Company bankruptcy proceeding.

Arent Fox’s Bankruptcy & Financial Restructuring practice was retained as counsel to represent the official committee of unsecured creditors in the cases of Glansaol Holdings Inc and Philmar Care, LLC.

Bankruptcy and Financial Restructuring group West Coast team leader Aram Ordubegian recently spoke with Business Insurance about Pacific Gas & Electric Co. (PG&E)’s recent filing for Chapter 11 bankruptcy for all its businesses because of the liabilities it faces from catastrophic wildfires.

WASHINGTON, DC — Arent Fox LLP is pleased to announce that 11 partners have been rated as ‘Top Lawyers’ by Washingtonian magazine. The honorees are recognized as being among the Washington, DC-area’s “star legal talent.”

Last week, the United States District Court for the District of Delaware (the “Court”) reversed a 2015 decision by the Delaware Bankruptcy Court (the “Bankruptcy Court”) disallowing the portion of an unsecured claim filed by appellant Wilmington Trust Company (“WTC”) for postpetition attorneys’ fees

Indenture trustees and agents participate in the administration of chapter 11 cases in a number of ways, including by protecting holders’ rights, ensuring compliance with the applicable indenture and other agreements, and fulfilling their duties and responsibilities under applicable law.

WASHINGTON — Twenty-four Arent Fox LLP practices have been recognized in the 2019 “Best Law Firms” rankings that are published annually by US News & World Report and Best Lawyers.

Schiff Hardin LLP is pleased to announce that 11 attorneys have been recognized on the 2018 New York Metro Super Lawyers list and two have been named Rising Stars.

Forty Arent Fox LLP attorneys have been rated as leaders in their profession by The Best Lawyers in America 2019.

Recent decisions arising out of the Arcapita bankruptcy case provide useful guidance regarding the minimum contacts required for bankruptcy court jurisdiction as well as when and how to apply international comity and the presumption against extraterritoriality in bankruptcy litigation.

In a recent opinion, United States Bankruptcy Judge Martin Glenn of the Southern District of New York held that Bankruptcy Courts may enter final default judgments against non-US defendants who fail to respond to a properly served summons and complaint.

The Ninth Circuit held that a bankruptcy court may not designate claims (i.e. disqualify claims for plan voting purposes) for bad faith under 11 USC § 1126(e)

Bankruptcy & Financial Restructuring Partner George Angelich spoke with The American Lawyer after United States Bankruptcy Judge Martin Glenn’s recent opinion which recognized UK court-sanctioned releases provided by affiliates of Avanti Communications Group plc.

US Bankruptcy Judge in the US Bankruptcy Court for the Southern District of New York granted Avanti Communications Group PLC’s (“Avanti”) request to recognize the UK court-sanctioned scheme of arrangement and enforce the guarantee releases provided by Avanti’s affiliates on certain debt.

Chambers USA: America’s Leading Lawyers for Business has recognized 30 Arent Fox LLP attorneys as leaders in their field.

In the final chapter of the long-running saga in Cortlandt St. Recovery Corp. v. Bonderman, – N.E.3d –, 2018 WL 942335, at *4 (N.Y. Feb. 20, 2018), [1] the New York Court of Appeals, issued a landmark opinion holding.

What happens to a licensee’s right to use a trademark if the licensor files for bankruptcy? This critically important question was recently addressed by the First Circuit Court of Appeals in Tempnology.

This analysis will help retailers, creditors, vendors, and opportunistic investors who are poised to take advantage of the recent trend in bankruptcy cases.

Arent Fox LLP is pleased to announce the election of 10 new partners and two new counsel, effective January 1, 2018.