Note from Peter S. Clark, II (R&I Practice Group Leader):

Welcome to the January 2018 issue of the R&I Alert, the newsletter produced by Reed Smith's Restructuring & Insolvency Group. Readers who wish to print and read the newsletter in its entirety may do so by clicking here. Please share your feedback and ideas. We appreciate the opportunity to serve you.

Authors: Peter S. Clark Lauren S. Zabel Brian M. Schenker Meghan A. Byrnes Christopher O. Rivas Maura P. McIntyre Monique B. Howery Jared S. Roach Reginald Sainvil Christopher A. Lynch

Type: Newsletters, Restructuring & Insolvency Newsletter

In this Issue:

  • A Slippery Sunnyslope
  • District Court Declines to ‘Upset’ an Upset Tax Sale
  • Chapter 11 Filed Solely for Litigation Purpose Was Filed in Bad Faith 
  • Unsecured Creditors Committee Bringing Claims ‘on Behalf of Debtor’ Seeks Discovery of Debtor’s Privileged Document
  • Sunshine Heifers clarifies the parameters of what a bankruptcy court can do and decide on remand, based on the mandate passed down from the appellate court 
  • Bankruptcy Court Enjoins Lender from Suing Guarantors Who Ran the Debtor’s Operations 
  • Bankruptcy Court Does Not Approve 363 Sale That Does Not Pay Secured Creditor in Full
  • Security Interest Unperfected Where Debtor’s Name Was on Wrong Line of Financing Statement 
  • 7th Circuit Allows Parallel Default Proceedings in Brazil and Indiana 
  • Profit-Sharing Lease Provision Ruled Unenforceable Pursuant to Section 365(f)(1) 
  • Contract definitions do have meaning 
  • Third Circuit Analyzes Mechanics’ Liens and the Automatic Stay
  • Betting the Farm: Bankruptcy Court Authorizes Use of Cash Collateral for Farmers 
  • Third Circuit Rejects Oil Producers’ Claims of Automatically Perfected Liens
  • Class Members Denied Standing to Intervene in Appellant’s Side-Settlement
  • Third Circuit Adopts Probability Standard for Analyzing WARN Act Liability
  • “It Pays to Follow the Plain Language of Documents (and it Doesn’t Pay to Ignore the Language)”
  • When in Doubt, Abstain:  Bankruptcy Court Refrains from Ruling on Temporary Restraining Order
  • Contract Provisions Waiving Mortgagor’s Right of Redemption Unenforceable Under New York Law
  • Establishing an Informal Proof of Claim
  • Counsel’s Corner: News from Reed Smith

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