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In a recent opinion, In re Pack Liquidating, LLC (Pack Liquidating), the U.S. Bankruptcy Court for the District of Delaware held that under Official Committee of Unsecured Creditors of...
Thursday, January 7, 2021 The 2020 coronavirus pandemic has not spared the asset recovery practice from its profound impacts. As we previously have discussed,[1] the pandemic accelerated trends toward increased globalization and the ability of evasive debtors to move assets fluidly around the world, as business operators, banks, regulators and virtually all market segments rapidly embraced remote work and electronic commerce. This environment requires nimble debt enforcement strategies to leverage the de rigueur virtual engagement of 2020 and keep pace with assets in transit, an...