Commercial and Regulatory Law

Intersection of MCAs and Bankruptcy

This panel of bankruptcy practitioners will discuss all facets of merchant cash advance (MCA) funding, its history, and its interplay with bankruptcy. The panelists will provide different perspectives — MCA company, debtor and subchapter V trustee — on the legal implications of merchant cash advances in chapter 11 bankruptcy proceedings, as well as practical solutions for dealing with MCAs in chapter 11 cases.

Commercial and Regulatory Law | May 2024

Statutory Construction Governs the Appointment of an Examiner

The Third Circuit Court of Appeals’ recent ruling in the FTX bankruptcy case severely limits a bankruptcy court’s discretion to deny the appointment of an examiner in a bankruptcy case.[1] In FTX, the U.S. Trustee filed a motion to appoint an examiner. The bankruptcy court denied the motion. After a direct appeal to the Third Circuit Court of Appeals, the Third Circuit ruled that the appointment of an examiner is mandatory if requested by a party in interest or the UST, where the debtor’s unsecured debts exceed $5 million.

Co-Chairs' Corner

Our committee’s leadership has been hard at work, organizing educational programming and social events to keep our members engaged. Here are some highlights of recent events.

Happy Hour, Educational Session at ABI’s Annual Spring Meeting

The Commercial and Regulatory Law Committee hosted an informal happy hour at The Lobby Bar in the Marriott Marquis Washington, DC during ABI’s Annual Spring Meeting on Thursday, April 18. A great time was had by all, and we thank everyone who came out and attended our gathering!

Commercial and Regulatory Law | December 2023

Co-Chairs’ Corner

The Commercial and Regulatory Committee produced a variety of programs, articles and materials throughout 2023. Set forth below is a short summary of highlights from the past year; full details of committee activity (including links to program materials and newsletter articles) are available on the committee’s website at https://www.abi.org/membership/committees/commercial-and-regulatory-law.

Commercial and Regulatory Law | August 2023

Modifying Terms of Loans Can Have Unexpected Income Tax Consequences

A Periodic Discussion of Tax Topics for Bankruptcy Attorneys

Who Has the Energy? Restructuring Trends in an Ever-Changing Industry

This panel of experts will discuss the latest trends in the wind, coal, and oil and gas industries that have dominated the headlines, with special emphasis on new regulatory issues and changes in the energy market.

Reevaluating Class Proofs of Claim

In today’s bankruptcy world, most major cases involve at least one pre-petition class action. This panel will focus on the distinction between mass tort claims and other types of class actions, recent case law addressing the proper procedures for asserting class claims, the allowance of class claims and compensation of class counsel, and the final resolutions of class claims, either by way of settlement or pursuant to plans. Other cutting-edge issues surrounding class claims also will be discussed.