June 30, 2014
Thanks to all that submitted a haiku about the 2014 FIFA World Cup™. Speaking of the World Cup, Basis Points BIC aka Blogger-in-Chief Evan Flaschen catches up with TradeWinds and explains how a lengthy Chapter 11 bankruptcy fight is quite comparable to Team USA’s 2-1 victory over Ghana this past Sunday. Click here to read the full article.
Back to the Annual Haiku contest, — There are two more chances to win Rudy’s tickets, with our next contest kicking off July 16.
June 5, 2014
On June 2, 2014, EPA issued a proposed rule to control greenhouse gas emissions (GHGs) from the electric power generation sector of the United States. EPA’s goal is to obtain a reduction of GHG emissions in 2030 from this sector of 30% from the baseline year 2005. The 2005 baseline allows EPA to take credit for GHG emission reductions that have occurred since that time without any regulatory obligation. The proposal establishes GHG emission targets for each State (expect the District of Columbia and Vermont who do not have goals under the rule). Interim emission targets must be obtained in the 2020-2029 timeframe with final targets obtained by 2030. more…
May 12, 2014
The inclusion of pre-bankruptcy waivers in “standard issue” credit documents has generated a host of litigation in bankruptcy cases about the enforceability of such provisions. While certain waivers among creditor classes have been called “safe” (e.g., a junior creditor waiving the right to object to actions by a more senior creditor), bankruptcy courts have generally balked at upholding waivers by a debtor of fundamental bankruptcy rights, such as the right to commence a chapter 11 case. The usual rationale cited for striking down such provisions is that they violate public policy and prevent the orderly reorganization that Chapter 11 is designed to foster. more…
Category: Court Cases