Reed Smith Newsletters

Welcome to the December 2020 issue of the R&I Alert, the newsletter produced by Reed Smith's Restructuring & Insolvency Group.

Authors: Peter S. Clark Devan J. Dal Col Alexis A. Leventhal Derek J. Baker Lauren S. Zabel

In this issue:

  • Can Midstream Gathering Agreements be Rejected in Bankruptcy? - Peter S. Clark, II
  • Court Raises Potential Bad Faith Issue with “Death Trap” Provisions - In re Affordable Auto Repair, Inc., No. 6:19-bk-18367-MW, 2020 Bankr. LEXIS 2366 (Bankr. C.D. Cal. Sept. 2, 2020). - Devan Dal Col
  • Court Dismisses Several Counts of the Debtors’ Complaint Against a Bank Upon Determination That the Debtors Had Not Sufficiently Pled the Transfer of Element of its Preference and Fraudulent Transfer Claims - Reagor-Dykes Motors, LP, et al. v. FirstCapital Bank of Texas, N.A., No. 18-50214-RLJ-11, 2020 WL 4939180 (Bankr. N.D. Tex. Aug. 24, 2020). - Alexis Leventhal
  • Third Circuit Holds that Cramdown May Override Terms of Subordination Agreement - In re Tribune Company, et al. No. 18-2909 (3d Cir. filed Aug. 26, 2020). - James Britton
  • Court Permits Election Of Sub Chapter V Small Business Case; Construes §1111(b) Election - Summary of decisions In re Body Transit, Inc., No. BR 20-10014 ELF, 2020 WL 1486784 (Bankr. E.D. Pa. Mar. 24, 2020). - Derek Baker
  • Strong Arm Powers Used to Avoid Judgment Lien: A Lesson in Compliance with State Law Execution Rules - Straffi v Aeris Bank (In re Hillesland), No. 19-25278(CMG), 2020 Bankr. LEXIS 2235 (Bankr. D.N.J. Aug. 17, 2020). - Lauren Zabel

To view all the articles featured in this issue, please download the PDF below.