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Fifth Circuit Rules That Chapter 11 Debtors May Reject Filed-Rate Contracts Without FERC Permission - Insolvency/Bankruptcy - Vimarsana News

Fifth Circuit Rules That Chapter 11 Debtors May Reject Filed-Rate Contracts Without FERC Permission - Insolvency/Bankruptcy

In FERC v. Ultra Resources, Inc. (In re Ultra Petroleum Corp.), 2022 WL 763836 (5th Cir. Mar. 14, 2022), the U.S. Court of Appeals for the Fifth Circuit issued a long-awaited ruling on an appeal...

Source: mondaq.com
Fifth Circuit Rules that Chapter 11 Debtors May Reject Filed-Rate Contracts Without FERC Permission | Jones Day - Vimarsana News

Fifth Circuit Rules that Chapter 11 Debtors May Reject Filed-Rate Contracts Without FERC Permission | Jones Day

In FERC v. Ultra Resources, Inc. (In re Ultra Petroleum Corp.), 2022 WL 763836 (5th Cir. Mar. 14, 2022), the U.S. Court of Appeals for the Fifth Circuit issued a long-awaited ruling on...

Another New York District Court Widens The Bankruptcy Code's Securities Contract Safe Harbor - Insolvency/Bankruptcy/Re-structuring - Vimarsana News

Another New York District Court Widens The Bankruptcy Code's Securities Contract Safe Harbor - Insolvency/Bankruptcy/Re-structuring

In 2019, the U.S. Court of Appeals for the Second Circuit made headlines when it ruled that creditors' state law fraudulent transfer claims arising from the 2007 leveraged buyout...

Source: mondaq.com
Another New York District Court Widens the Bankruptcy Code's Securities Contract Safe Harbor | Jones Day - Vimarsana News

Another New York District Court Widens the Bankruptcy Code's Securities Contract Safe Harbor | Jones Day

In 2019, the U.S. Court of Appeals for the Second Circuit made headlines when it ruled that creditors' state law fraudulent transfer claims arising from the 2007 leveraged buyout...

U.S. Supreme Court Declines Review of Landmark Tribune Safe Harbor Ruling | Jones Day - Vimarsana News

U.S. Supreme Court Declines Review of Landmark Tribune Safe Harbor Ruling | Jones Day

To embed, copy and paste the code into your website or blog: On April 19, 2021, the U.S. Supreme Court declined to hear the appeal of a landmark 2019 decision issued by the U.S. Court of Appeals for the Second Circuit regarding the applicability of the Bankruptcy Code's safe harbor for certain securities, commodity, or forward contract payments to prevent the avoidance in bankruptcy of $8.3 billion in payments made to the shareholders of Tribune Co. as part of its 2007 leveraged buyout ("LBO"). In its 2019 ruling, the Second Circuit reaffirmed an earlier decision that creditors' state law fra...