Bankruptcy laws holding back entrepreneurs, says Shell official
Muscat – Entrepreneurs in Oman are held back by bankruptcy laws which discourage risk-taking, Chris Breeze, Shell 's country chairman has said. Without a support structure, entrepreneurs who fail aren't given a chance to recover, he said, calling for …
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Trademark Licensees Beware: The Hypothetical Test Lives On In The Third Circuit
Section 365(a) of the Bankruptcy Code allows a bankruptcy trustee or chapter 11 debtor-in-possession ("DIP") to assume or reject most kinds of executory contracts and unexpired leases. This broad power, however, is limited with respect to certain kinds …
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Liquidators of Ex-Harvard QB's Funds Sue Barclays for Million
Lawyers for the liquidators said in a suit filed in U.S. Bankruptcy Court in New York that Mr. Priore, ICP's 46-year-old founder and former Harvard University quarterback, fraudulently transferred more than $ 40 million to Barclays to cover margin calls …
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Former Monroe paper mill owner sentenced to prison for hiding funds in Swiss
"After multiple down cycles in the pulp and paper industry, St. Anne Nackawic could no longer be run profitably and it sought protection under the Canadian bankruptcy laws." Temkin called Hawkes a "serial litigant whose conspiracy theories" had been …
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