Supreme Court To Hear Baker Botts' Bankruptcy Fee Appeal
The firm and co-counsel asked the Supreme Court on July 29 to reinstate the award, saying federal law allows bankruptcy judges discretion in granting such compensation and that Section 330(a) of the U.S. Bankruptcy Code, which covers fees to all …
Read more on Law360 (subscription)

Detroit's Orr Defends Unequal Recoveries in Bankruptcy
Bond insurer Financial Guaranty Insurance Co. is fighting the city's debt-adjustment plan, arguing it violates the U.S. Bankruptcy Code because it pays some creditors more than others. The plan is based on a series of settlements with most of the city …
Read more on Bloomberg

Detroit Holdout FGIC Halts Court Fight for Possible Deal
… agreement to protect its art collection from liquidation in return for more than $ 800 million to prop up its underfunded pension system. FGIC has argued that the city's plan violates the U.S. Bankruptcy Code because it pays some creditors more than …
Read more on Bloomberg

Brazilian reorganization plan: fundamentally fair or wholesale trampling of
Chapter 15 of the Bankruptcy Code provides a framework for recognizing and giving effect in the United States to foreign insolvency proceedings. It is premised on principles of comity. Generally, upon the commencement of a chapter 15 case and …
Read more on Lexology (registration)

EnglishFrenchGermanItalianPortugueseRussianSpanish