Events & Publications
- Aug 31, 2020
- Publications
The Third Circuit recently affirmed confirmation of Tribune Co.’s chapter 11 plan over objections raised by senior noteholders who contended that the plan violated their rights under the Bankruptcy Code by not according them the full…
On June 24, restructuring partner Andrew Parlen participated in a virtual panel, “Navigating the Minefield of Emerging Corporate Governance Issues in Restructurings (Ethics),” as part of the Association of Insolvency &…
- Mar 01, 2020
- Publications
Restructuring partner Robert Britton and associate Karen Zeituni co-authored an article, “The Sale of Mortgage Loans Free and Clear in a Chapter 11 Plan,” in the March 1 issue of the ABI Journal.
- Jun 09, 2020
- Publications
On June 8, the Fed issued revised term sheets governing the Main Street New Loan Facility, the Main Street Expanded Loan Facility and the Main Street Priority Loan Facility, together with an updated set of frequently asked questions.…
Andrew Parlen has joined the firm as a partner in the Restructuring Department, resident in the New York office.
- May 29, 2020
- Publications
The Federal Reserve has issued a number of legal forms and agreements, with accompanying instructions, that must be submitted by eligible borrowers and lenders participating in the Main Street New Loan Facility, Main Street Expanded…
- May 20, 2020
- Publications
Restructuring department co-chair Alan Kornberg and restructuring partner Elizabeth McColm co-authored the “United States” chapter of the International Comparative Legal Guide (ICLG) to: Restructuring & Insolvency 2020, published…
- May 01, 2020
- Publications
On April 30, the Fed issued revised term sheets for the two previously announced Main Street lending facilities, as well as a term sheet for the new Main Street Priority Loan Facility. The Fed expanded certain criteria for eligible…
- Apr 10, 2020
- Publications
The Federal Reserve announced seven lending facilities that will provide up to $2.3 trillion in loans to support the economy. We summarize the new facilities and updates to the terms of the previously announced facilities.
- Mar 24, 2020
- Publications
Restructuring partner Brian Hermann was quoted extensively in a recent article in Business Insider about a the increase in restructurings as a result of the coronavirus crisis
- Mar 17, 2020
- Publications
As the coronavirus pandemic continues to shake global markets, more companies will likely need to restructure to address liquidity constraints, right-size their balance sheets, or implement operational restructurings. Concurrently,…
- Mar 13, 2020
- Publications
As market reaction to the coronavirus outbreak leads to declining trading prices for bank loans and notes, many debt issuers and their private equity sponsors are considering repurchasing their outstanding debt to capture discount. We …
- Mar 03, 2020
- Publications
Bankruptcy partner Alan Kornberg and counsel Claudia Tobler co-authored the “United States” chapter of the 2020 edition of Getting the Deal Through – Restructuring & Insolvency, published by Law Business Research Ltd.
Restructuring partner Alice Eaton will participate in a panel at the American Bankruptcy Institute’s upcoming conference, “VALCON 2020: How to Flex When in Flux.”
Restructuring partner Elizabeth McColm will participate in a case study involving a restructuring of a health care provider at the American Bankruptcy Institute’s “2020 Complex Financial Restructuring Program.”
Restructuring partner Elizabeth McColm will speak at the 16th Annual Wharton Restructuring and Distressed Investing Conference.
- Dec 13, 2019
- Publications
Restructuring partner Elizabeth McColm and counsel Brian Bolin co-authored the “Investment Fund Activity in Chapter 11” chapter in Americas Restructuring Review 2020 published by Global Restructuring Review.
Restructuring partners Alice Eaton and Kyle Kimpler will take part in the Practising Law Institute’s upcoming program, “Recent Developments in Distressed Debt, Restructurings and Workouts 2020.”
Bankruptcy partner Elizabeth McColm will speak on a panel at the American Bankruptcy Institute’s 15th International Insolvency & Restructuring Symposium.
Bankruptcy partner Paul Basta will moderate a panel at the American Bankruptcy Institute’s 2019 “Views From the Bench.”
- Aug 11, 2019
- Publications
Bankruptcy partner Kelley Cornish was featured in a Q&A in Lawdragon as part of its “Lawyer Limelight” series.
- May 24, 2019
- Publications
Bankruptcy partners Alan Kornberg and Elizabeth McColm co-authored the “USA” chapter in the 2019 edition of The International Comparative Legal Guide to Corporate Recovery & Insolvency, published by the Global Legal Group Ltd,…
Bankruptcy partner Alice Eaton will speak on a panel at the American Bankruptcy Institute’s New York City Bankruptcy Conference.
- May 20, 2019
- Publications
The U.S. Supreme Court held today in Mission Product Holdings, Inc. v. Tempnology, LLC that a trademark licensee may retain certain rights under a trademark licensing agreement even if the licensor enters bankruptcy and rejects the…
Paul, Weiss hosted its Annual Private Equity General Counsel CLE Program.
- Mar 22, 2019
- Publications
In a recent decision arising out of the Republic Airways bankruptcy, Judge Sean Lane of the United States Bankruptcy Court for the Southern District of New York held that the liquidated damages provisions of certain aircraft leases…
- Mar 21, 2019
- Publications
On February 8, 2019, the United States District Court for the Southern District of Texas, Houston Division, affirmed a Bankruptcy Court order enjoining a claimant from pursuing claims against a debtor’s non-debtor affiliates based…
Bankruptcy partner Elizabeth McColm spoke on a panel at the 2019 Complex Financial Restructuring Program.
Bankruptcy partner Elizabeth McColm will speak on a panel at the 15th annual Wharton Restructuring and Distressed Investing conference.
Bankruptcy partner Brian Hermann will speak on a panel at the annual American Bankruptcy Institute Spring Meeting.
Bankruptcy partner Brian Hermann will speak on a panel at the Practising Law Institute’s conference on “Bankruptcy & Reorganizations 2019: Current Developments.”
- Jan 23, 2019
- Publications
Bankruptcy partner Alan Kornberg and counsel Claudia Tobler co-authored the “United States” chapter in the 2019 edition of Getting the Deal Through – Restructuring & Insolvency, published by Law Business Research Ltd.
- Dec 21, 2018
- Publications
Bankruptcy partner Brian Hermann and counsel Lauren Shumejda co-authored the chapter, “U.S.: New Strategies for Getting Paid: Recent Investment Fund Activity in Chapter 11,” in the 2019 edition of the Global Restructuring Review (GRR) …
Paul, Weiss is pleased to announce that the following attorneys have been elected to the partnership, effective January 1, 2019: Justin Anderson, Robert Britton, David Carmona, Harris Fischman, Christopher D. Frey, Matthew B.…
Bankruptcy partners Jacob Adlerstein and Alice Eaton will speak at the Practising Law Institute’s “Recent Developments in Distressed Debt, Restructurings and Workouts 2019.”
In this video, bankruptcy partner Paul Basta speaks with Sam Gerdano, Executive Director of the American Bankruptcy Institute (ABI), about issues concerning third-party releases.
- Oct 03, 2018
- Publications
The United States Court of Appeals for the Third Circuit recently issued a 2–1 decision affirming the ruling of the Bankruptcy Court for the District of Delaware, which reconsidered its prior approval of a $275 million termination fee …
- Sep 15, 2018
- Publications
Ten years after the collapse of Lehman Brothers, market participants and other global companies operate in a markedly changed regulatory enforcement and compliance landscape. This memorandum discusses the legal and business…
Bankruptcy partner Elizabeth McColm will speak on a panel titled “The Next Restructuring Wave” at the American Bankruptcy Institute’s Mid-Level Professional Development Program.
Goodmans LLP Partner Brendan O’Neill (PW 2000) interviewed Paul, Weiss Partner Alan Kornberg as part of a series of interviews conducted by INSOL International’s Younger Members. The series covers various high profile cases and topics …
- Jul 10, 2018
- Publications
On June 20, 2018, Judge Kevin J. Carey of the United States Bankruptcy Court for the District of Delaware sustained an objection to a proof of claim filed by a postpetition debt purchaser premised on anti-assignment clauses contained…
- Jun 19, 2018
- Publications
The United States Court of Appeals for the Ninth Circuit recently held that a bankruptcy court may not designate claims for bad faith under section 1126(e) of the Bankruptcy Code (e.g., disregard them for plan voting purposes) merely…
- Jun 18, 2018
- Publications
The United States Bankruptcy Court for the District of Connecticut recently examined a question at the heart of an existing circuit split regarding the consequence of trademark license rejection in bankruptcy: can a trademark licensee …
Paul, Weiss advised Paris-based Geoscience company CGG S.A. in a restructuring that was among the largest in French history and the first-ever successful coordination of a French sauvegarde proceeding with a U.S. chapter 11 case.
- Apr 30, 2018
- Publications
Bankruptcy partners Alan Kornberg and Elizabeth McColm co-authored the “USA” chapter in the 2018 edition of The International Comparative Legal Guide to Corporate Recovery & Insolvency
Bankruptcy partner Alan Kornberg will speak at the International Insolvency Institute and France Ameriques Symposium on the financial restructuring of French oil services company CGG.
- Mar 05, 2018
- Publications
In its recent decision in Merit Management Group, LP v. FTI Consulting, Inc., the Supreme Court held that transfers in connection with a share purchase agreement between two non-financial institutions were not safe-harbored under…
Bankruptcy partner Kyle Kimpler will speak on a panel at the Practising Law Institute’s upcoming program on “Bankruptcy & Reorganization 2018: Current Developments.”
Corporate partners Christopher Cummings, Andrew Forley, Adam Givertz and Ted Maynard, litigation partner Susanna Buergel and bankruptcy partner Alice Eaton participated in Paul, Weiss's annual seminar series, "U.S. Legal Developments…
Bankruptcy partner Elizabeth McColm will speak on a panel at the 2018 Wharton Restructuring and Distressed Investing conference.
Bankruptcy counsel Samuel Lovett spoke on a panel titled “Corporate Law: It’s not Just M&A!” at Georgetown Law’s Fourth Annual Corporate Symposium.
- Feb 12, 2018
- Publications
The Court of Appeals for the Ninth Circuit recently held that section 1129(a)(10) of the Bankruptcy Code – a provision which, in effect, prohibits confirmation of a plan unless the plan has been accepted by at least one impaired class …
- Jan 31, 2018
- Publications
The United States Court of Appeals for the First Circuit recently held that section 365(n) of the Bankruptcy Code does not apply to trademarks, and that a licensee’s right to use licensed trademarks terminates upon rejection of its…
Bankruptcy partner Jacob Adlerstein will speak on a panel at a Practising Law Institute program, Recent Developments in Distressed Debt, Restructurings and Workouts 2018.
- Jan 04, 2018
- Publications
Bankruptcy partner Alan Kornberg and counsel Claudia Tobler co-authored the “United States” chapter in the 2017 edition of Getting the Deal Through – Restructuring & Insolvency, published by Law Business Research Ltd.
Paul, Weiss announced that five new partners have been elected to the partnership, effective January 1, 2018: Yahonnes Cleary, Brian S. Grieve, Kyle J. Kimpler, Lindsay B. Parks and Ramy J. Wahbeh.
Paul, Weiss announced that Paul M. Basta joined the firm as co-chair of the Bankruptcy & Corporate Reorganization Department, resident in the New York office.
- Oct 19, 2017
- Publications
Six years after the Supreme Court ruled on Stern v. Marshall, courts continue to grapple with how much the decision curtails the exercise of bankruptcy court jurisdiction. Recently, the U.S. Bankruptcy Court for the District of…
- Oct 06, 2017
- Publications
The Supreme Court will address a number of issues important to the business community in the upcoming term, including the scope of the Alien Tort Statute, the validity of arbitration clauses in certain employment agreements, and the…
- Jun 28, 2017
- Publications
Bankruptcy partners Alan Kornberg and Elizabeth McColm co-authored the “USA” chapter in the 2017 edition of The International Comparative Legal Guide to Corporate Recovery & Insolvency, published by the Global Legal Group Ltd,…
Bankruptcy partner Brian Hermann will speak at the Practising Law Institute’s Bankruptcy & Reorganizations 2017: Current Developments seminar.
- Apr 19, 2017
- Publications
Bankruptcy partner Alan Kornberg co-authored with Sarah Paterson of the London School of Economics the “Corporate Debt Restructuring” section in the 2016 second edition of “Debt Restructuring,” published by Oxford University Press.
- Mar 24, 2017
- Publications
In a highly anticipated decision, the Supreme Court recently held that bankruptcy courts cannot approve a “structured dismissal”—a dismissal of a bankruptcy filing that does something other than restoring the pre-petition financial…
Bankruptcy partner Elizabeth McColm will speak at this year's
annual Wharton Restructuring and Distressed Investing
Conference.
- Feb 10, 2017
- Publications
Bankruptcy partner Alan Kornberg and counsel Claudia Tobler co-authored the "United States" chapter in the 2017 edition of Getting the Deal Through - Restructuring & Insolvency, published by Law Business Research Ltd.
The tension between environmental regulation and bankruptcy law
makes environmental liability an issue that must be considered as
part of any bankruptcy strategy.
Bankruptcy partner Jacob Adlerstein will speak on three panels
at the Practising Law Institute's upcoming seminar, titled "Recent
Developments in Distressed Debt, Restructurings and Workouts
2017."
- Jan 18, 2017
- Publications
On January 17, 2017, the Court of Appeals for the Second Circuit
issued its long-anticipated opinion in Marblegate Asset
Management, LLC v. Education Management Finance
Corp., ruling that Section
316(b) of the Trust Indenture…
Bankruptcy partner Alice Eaton will participate in a panel
discussion at the Practising Law Institute's Hot Topics in Mergers
& Acquisitions seminar.
- Jul 26, 2016
- Publications
The United States Court of Appeals for the Second Circuit
recently articulated a standard to determine what claims may be
barred against a purchaser of assets "free and clear" of claims
pursuant to section 363(f) of the…
- Jun 28, 2016
- Publications
Bankruptcy partners Alan Kornberg and Brian Hermann co-authored
the "USA" chapter in the 2016 edition of The Strategic
View - Corporate Restructuring, published by the Global Legal
Group, Ltd., London.
- Jun 24, 2016
- Publications
Bankruptcy partners Alan Kornberg and Elizabeth McColm co-authored the "USA" chapter in the 2016 edition of The International Comparative Legal Guide to Corporate Recovery & Insolvency, published by the Global Legal Group Ltd,…
Bankruptcy partner Kelley Cornish will participate in a panel
discussion at the American Bankruptcy Institute's New York City
Bankruptcy Conference.
- Apr 11, 2016
- Publications
On April 4, 2016, as the most recent step in its ongoing battle
against inversion transactions, the U.S. Department of Treasury
issued both new temporary and proposed regulations addressing
certain inversion and post-inversion…
- Apr 05, 2016
- Publications
On March 29, 2016, the Second Circuit addressed the breadth and
application of the Bankruptcy Code's safe harbor provisions in an
opinion that applied to two cases before it.
- Mar 02, 2016
- Publications
Bankruptcy partners Alan Kornberg and Brian Hermann co-authored
the "USA" chapter in the 2016 edition of The Strategic
View - Corporate Restructuring, published by the Global Legal
Group.
- Feb 11, 2016
- Publications
Bankruptcy partner Alan Kornberg and counsel Claudia Tobler co-authored the "United States" chapter in the 2016 edition of Getting the Deal Through - Restructuring & Insolvency, published by Law Business Research Ltd.
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