Department Contacts

August 14, 2015  | Posted by Adam C. Rogoff & Anupama Yerramalli, Co-Editors | Permalink
Welcome to Broken Bench Bytes, a weekly blog covering notable, recent decisions affecting corporate bankruptcy, restructuring and turnarounds. The goal of this blog is frequency of postings while, in a time of information overload, being selective on what we think is of most interest to our readers. In three sections, each week's blog postings succinctly cover the latest court developments impacting today's bankruptcy and restructuring process. "The Bottom Line" is the decision's sound-byte. For more detail, "What Happened" covers key background and the court's reasoning -- a bit more flavor for your Byte. And finally, in "Why this Case is Interesting," we put the case into context for practical issues affecting distressed situations. Our weekly Bytes are not law review articles; they are bite-sized nuggets of important decisions.
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July 7, 2016 | Posted by Kramer Levin | Permalink
In response to liquidity concerns caused by settlement delays, the LSTA is implementing new rules designed to speed up settlement of secondary par bank loan trades.

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December 2, 2015 | Posted by Kramer Levin | Permalink
As of December 1, 2015, a new bankruptcy form for filing proofs of claim has gone into effect. read more
October 8, 2015 | Posted by Kramer Levin | Permalink
This article, by partners Stephen Zide and P. Bradley O'Neill and associate Stephen Blank, discusses the benefits of a prepackaged bankruptcy and examines the successful prepackaged bankruptcy of Genco Shipping and Trading Ltd. read more
August 14, 2015 | Posted by Kramer Levin | Permalink

Once a giant of the U.S. economy, the coal industry now faces uncertain times due to lower global demand, a boom in domestic natural gas production, over-levered capital structures and stringent environmental regulations. This depressed environment has attracted the attention of certain distressed investors and alternative investment funds looking to capitalize from an eventual upswing in the coal industry.


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January 6, 2015 | Posted by Andrew Pollack | Permalink

             With FIBA being approved by the House of Representatives and moving on to review in the Senate, interested parties will be closely monitoring the Act’s progress. Should FIBA be enacted into law, financial institutions and creditors alike will keep a close eye on the application and interpretation of the new sections of the Bankruptcy Code – particularly §1192, allowing courts to consider the implications that any decision may have on the “financial stability of the United States.” With a broad purpose, how FIBA cases play out in practice will shape the future of financial institution bankruptcies.

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