Justin Imperato ([email protected])
3 articles on News & Perspectives | Arnold & Porter
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Standardizing State-Level Liquidations: The New Uniform Assignment for the Benefit of Creditors Act
Small- and medium-sized enterprises (SMEs) are the backbone of the American economy, and the approximately 30 million SMEs in the U.S. have accounted for nearly two-thirds of new private sector jobs in recent decades. Some of these SMEs may, regrettably, encounter financial distress and need to liquidate to pay their creditors. Often, federal bankruptcy case
Time to Learn the “Canadian Two-Step”?
Reverse vesting orders (RVOs) have become a significant restructuring mechanism in Canadian insolvency proceedings, allowing unwanted liabilities and assets to be transferred into a separate “ResidualCo” while preserving the debtor’s core business, licenses, and tax attributes for acquisition by a purchaser. In In re Iovate Health Sciences International Inc.
Recent Developments in Cross-Border Restructuring Under Chapter 15 of the Bankruptcy Code
As cross-border restructurings become increasingly common, recognition of foreign insolvency proceedings under Chapter 15 of the U.S. Bankruptcy Code has become a critical tool for protecting assets, binding U.S.-based creditors, and coordinating multinational restructurings. Recent bankruptcy court decisions highlight evolving issues surrounding Chapter 15