Latest Lehman judgment reassures end users on Close-out Rights It is undeniable that the legal complexities, and unprecedented facts, of the long running Lehman Brothers saga have generated a wealth of legal principal, most notably through the Waterfall series of litigation. Against the background of administration, this trilogy (creatively named Waterfall I Application, Waterfall I Appeal and the upcoming Waterfall … Continue Reading
Michael Cuda, Max Tucker and Susan Kelly have written an article for Corporate Rescue & Insolvency analysing the increase in US oil and gas bankruptcies as a direct result of the declining oil price, and the related decrease in the borrowing base availability. This has led to a number of Chapter 11 proceedings throughout the … Continue Reading
