United States: Insolvency/Bankruptcy/Re-Structuring

Creditors supplying inventory under consignment arrangements might assume that preference risk can be mitigated by the buyer's payment of an invoice for consigned goods on the same day as issuance because that transaction...

In the first of its kind, a US company with no prior connection to the United Kingdom, has financially restructured via a Part 26A Companies Act (UK) Restructuring Plan (the RP), in respect of which it also achieved Chapter 15 recognition.

In this episode of Lowenstein Bankruptcy Lowdown, partners Daniel B. Besikof and Nicole Fulfree break down a recent decision from the Eastern District of Missouri in the 23andMe Chapter 11 case addressing the application of Bankruptcy Code Section 502(b)(6)'s cap on landlord rejection damages.