North America: Insolvency/Bankruptcy/Re-Structuring

The Cayman Islands has established itself as a leading jurisdiction for corporate restructuring, offering a sophisticated legal framework that combines English common law principles with modern commercial flexibility.

Breaking New Ground: Second Circuit Rules that Bankruptcy Code's Securities Transactions Safe Harbor Bars Foreign Common-Law Claims in Chapter 15 Case ...

Unlike in cases filed under other chapters of the Bankruptcy Code, the filing of a petition for recognition of a foreign bankruptcy case under chapter 15 does not...

Dans Atlantic Sea Cucumber Ltd. (Re), la Cour suprême de la Nouvelle-Écosse (« la Cour »), siégeant en matière de faillite, a refusé d'accorder priorité à une sûreté invoquée par une société liée au débiteur, et ce, malgré l'existence d'une garantie antérieurement consentie.

Security deposits are a common practice in commercial leasing. They are defined as the payment of a sum of money by the tenant to guarantee performance of the latter's obligations under the terms of the lease.

A Texas district court ruling late last week could reshape the landscape of Chapter 11 restructurings by striking down exclusive backstop agreements as violating the Bankruptcy Code's equal-treatment rule.