Manhattan Judge Refuses to Rubber-Stamp a Sealing Motion Protecting negotiating leverage isn’t grounds for sealing the terms of a lease. Judge Name - Do not use it. Stuart M. Bernstein Read more about Manhattan Judge Refuses to Rubber-Stamp a Sealing Motion
New York Judge Bars Use of Chapter 15 to Disrupt a Foreign Bankruptcy ‘Bankruptcy tourism’ seems unaffected by an unusual cross-border insolvency. Judge Name - Do not use it. Sean H. Lane Read more about New York Judge Bars Use of Chapter 15 to Disrupt a Foreign Bankruptcy
Trustee’s Stated Intent to Abandon by Itself Won’t Allow a Debtor to Sell Estate property must be formally abandoned before the power of sale reverts to the debtor. Judge Name - Do not use it. Martin Glenn Read more about Trustee’s Stated Intent to Abandon by Itself Won’t Allow a Debtor to Sell
New GM Ignition Switch Suits Can Proceed in State Court, District Judge Says The circuit court’s resolution of the bankruptcy law question prevents New GM from removing new suits to federal court. Judge Name - Do not use it. Jesse M. Furman Read more about New GM Ignition Switch Suits Can Proceed in State Court, District Judge Says
Non-Voting Creditors’ Consent to Third Party Releases Can’t Be Inferred New York and Delaware judges disagree on third party releases by non-voting creditors. Judge Name - Do not use it. Stuart M. Bernstein Read more about Non-Voting Creditors’ Consent to Third Party Releases Can’t Be Inferred
Interlocutory Orders Compelling Arbitration May Be Appealed with Permission Shallow constitutional foundation of the bankruptcy court justifies allowing interlocutory appeals, district judge says. Judge Name - Do not use it. Jed S. Rakoff Read more about Interlocutory Orders Compelling Arbitration May Be Appealed with Permission
Using a U.S. Bank Precludes a Foreigner from Winning Dismissal Based on Comity Stay violation and turnover suits held proper extraterritorial application of U.S. law. Judge Name - Do not use it. Sean H. Lane Read more about Using a U.S. Bank Precludes a Foreigner from Winning Dismissal Based on Comity
Survivor’s Pension Benefits Are Not ‘Retiree Benefits’ Protected by Section 1114 Judge uses legislative history because Section 1114 is ambiguous. Judge Name - Do not use it. Stuart M. Bernstein Read more about Survivor’s Pension Benefits Are Not ‘Retiree Benefits’ Protected by Section 1114
Transferring COMI to Avoid Liquidation Is Ok in Chapter 15 New York offers a chapter 15 home for foreign companies hoping to avoid liquidation. Judge Name - Do not use it. Martin Glenn Read more about Transferring COMI to Avoid Liquidation Is Ok in Chapter 15
Third Party Liability for Debtor’s Counsel Fees Precludes a Charging Lien Third party liability for attorneys’ fees can leave debtor’s counsel in a worse position following nonpayment. Judge Name - Do not use it. Michael E. Wiles Read more about Third Party Liability for Debtor’s Counsel Fees Precludes a Charging Lien