In this episode of Fashion Counsel, Anthony Lupo and Aram Ordubegian discuss the different routes a struggling retailer can take when facing bankruptcy.
Twenty-two Arent Fox LLP practices have been recognized in the 2018 “Best Law Firms” rankings that are published annually by U.S. News & World Report and Best Lawyers.
The First Circuit issued a decision holding that the Official Committee of Unsecured Creditors appointed in the Commonwealth of Puerto Rico’s Title III debt adjustment case has an unrestricted right to intervene in an associated adversary proceeding.
Arent Fox’s Bankruptcy & Financial Restructuring practice was retained as counsel to represent the official committee of unsecured creditors in the Chapter 9 case of Kennewick Public Hospital District d/b/a Trios Health.
New York Managing Partner Andrew I. Silfen is one of the contributing authors for the chapter “Creditor and Equity Committees” in the third edition of Reorganizing Failing Businesses. The work was recently published by the American Bar Association.
Arent Fox’s Bankruptcy & Financial Restructuring practice was retained as counsel to represent the unsecured creditors’ committee in the Chapter 11 case of Rooster Petroleum, LLC.
The Bankruptcy Court for the District of Delaware recently issued a decision that will undoubtedly influence strategies in bankruptcy cases involving plugging and abandonment liabilities.
On Sunday, June 11, 2017, Gymboree filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the US Bankruptcy Court for the Eastern District of Virginia, listing $755.5 million in assets and $1.365 billion in debts.
Arent Fox LLP is pleased to announce that the firm’s Bankruptcy & Financial Restructuring practice has been retained as counsel to represent the unsecured creditors committees in two separate Chapter 11 bankruptcy proceedings.
On appeal from a decision in the In re Energy Future Holdings Corp. bankruptcy case, the US Court of Appeals for the Third Circuit recently held that contractual make-whole premium provisions are enforceable where the obligation to repay bond debt is accelerated by a bankruptcy filing.
This decision from the Appellate Division reversed a finding that an indenture trustee did not have the relevant standing to pursue fraudulent transfer claims, among other claims.
Twenty Arent Fox LLP practices have been recognized in the 2016 “Best Law Firms” rankings that are published annually by U.S. News & World Report and Best Lawyers.
Bankruptcy Partner George Angelich was recently quoted by Turnarounds & Workouts for an article that focuses on product liability claims and debtors’ protection.
The 2016 edition of Legal 500 US has rated 46 Arent Fox LLP attorneys as national leaders in their field. In addition, 14 of the firm’s practice areas were ranked among the best in the country.
Given the recent municipal bankruptcies and likelihood of more to come during the next recession, the author draws lessons from recent cases to determine what changes to Chapter 9 would be in the interest of the nation.
On March 24, 2016 the Supreme Court of the State of Illinois affirmed the Circuit Court’s decision that the Illinois law modifying the provisions of Chicago’s pension statute violated the Illinois Constitution.
When the next recession occurs there probably will be other municipalities in severe fiscal distress that opt to file under chapter 9. Now is a good time for capital market participants to focus on changes to chapter 9 that address the lessons from the most recent round of municipal bankruptcies.