Valaris Receives Court Approval of Chapter 11 Plan of Reorganization prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
MIPS out of bankruptcy
MIPS is now developing an 8th generation architecture, based on RISC-V.
MIPS has suffered a chequered history since being bought by Imagination in 2013.
In 2017, China-backed Canyon Bridge bought Imagination and the US government insisted that MIPS must not go with Imagination to Canyon Bridge so MIPS was sold to Diosdado Banatao who made his first fortunes at Chips and Technologies and S3.
Banatao, by then a VC having founded Tallwood Venture Capital, switched the ownership of MIPS between various of his family-owned companies before selling it to Wave Computing, in which Tallwood was a major shareholder.
To embed, copy and paste the code into your website or blog:
Over the course of the last year, commercial landlords have become all too familiar with the legal principles wielded by tenants to excuse the payment of rent. Impossibility, impracticability, and frustration of purpose have been widely cited by tenants who have argued that the COVID-19 pandemic has made it impossible for them to run their business and, as a result, to make their rental payments.
The success of these arguments has hinged, in large part, on the language of the force majeure provisions in their leases. A force majeure provision excuses a party from their obligations under a contract if they are unable to perform due to an unforeseeable event which is outside of the reasonable control of the parties.
Introduction
In a recent decision, the U.S. Bankruptcy Court for the District of Delaware (Shannon, J.) rejected an argument that the safe harbor provision of section 546(e) of the Bankruptcy Code is not available to debtors because section 101(22A)’s definition of “financial participant” excludes debtors. Instead, the court in
Kravitz v. Samson Energy Co., LLC (
In re Samson Res. Corp.), No. 15-11934 (BLS), 2020 WL 7700693 (Bankr. D. Del. Dec. 23, 2020) held that the term “financial participant” does not exclude debtors. In reaching its conclusion, the court conducted an in-depth textual analysis of the statute, ultimately settling on a “natural reading” and “plain text” interpretation. The court’s holding which is contrary to a decision by the U.S. District Court for the Southern District of New York may serve as useful precedent for debtors seeking to utilize the safe harbor provision of section 546(e) as an affirmative defense against avoidance acti
Local department store chain Belk files for Chapter 11 bankruptcy bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.