New York Appellate Court Finds Bankruptcy Trustee Not Bound by Arbitration Clause in Bankrupt Company’s Engagement Agreement With Accounting Firm | Carlton Fields

A New York appellate court has held that a company’s bankruptcy trustee was not bound by an arbitration agreement entered into by the company and an accounting firm. In this…

Continue Reading New York Appellate Court Finds Bankruptcy Trustee Not Bound by Arbitration Clause in Bankrupt Company’s Engagement Agreement With Accounting Firm | Carlton Fields

Hong Kong Companies Judge grants recognition order for “soft-touch” provisional liquidators of offshore company appointed for corporate restructuring | Dentons

“As is well known, other than schemes of arrangement, Hong Kong has no legislation that provides for corporate debt restructuring or rehabilitation. This unsatisfactory state of affairs has been the…

Continue Reading Hong Kong Companies Judge grants recognition order for “soft-touch” provisional liquidators of offshore company appointed for corporate restructuring | Dentons

“Caveat Emptor”: New York Bankruptcy Court Disallows Bankruptcy Claims Purchased from Recipients of Avoidable Transfers; Is Enron Going, Going, . . . ? | Cadwalader, Wickersham & Taft LLP

A recent Bankruptcy Court decision, In re Firestar Diamond, Inc., out of the Southern District of New York (“SDNY”) by Bankruptcy Judge Sean H. Lane, disallowed creditors’ bankruptcy claims purchased…

Continue Reading “Caveat Emptor”: New York Bankruptcy Court Disallows Bankruptcy Claims Purchased from Recipients of Avoidable Transfers; Is Enron Going, Going, . . . ? | Cadwalader, Wickersham & Taft LLP