In this Issue:

• Lenders Beware
• International Insolvency Laws: Will One Size Fit All? The Debate Continues
• ‘Fair and Equitable’ Means More Than Amortization Schedule
• Pre-Petition Security License in Proceeds of FCC License Continues Post-Petition – Tracy Broadcasting Overturned
• Secured Creditor Does Not Participate in Bankruptcy Case, Court Allows
  Lien to Pass Through Plan Confirmation
• Greens Fees Not ‘Rents, Proceeds or Profits’ of Blanket Lien, and Not Cash Collateral
• Determining Whether a Chapter 11 Plan Is Unconfirmable Without a Confirmation Hearing
• Loan ‘Participant’ that Bears No Risk is Neither a ‘Participant’ nor a Creditor
• Chancery Court Examines Factors of Proximate Cause in Delaware Tortious Interference Claim
• Section 546(b) Filings Sufficient Objection to Overcome Priming Lien of DIP Lender
• Separation of Claims Solely on the Basis of Personal Guaranty Not Permitted
• Discrimination in Classification of Claims Okay, So Long as Not Unfair Discrimination
• Continuing ‘Material’ Obligations Render License Agreement Executory – Lewis Brothers Affirmed
• Court Adopts ‘Addition Theory’ in Applying Unnecessary Adequate Protection Payments
• Counsel’s Corner: News From Reed Smith

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