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This article: 1) summarizes the evolution of safe harbor protections for financial transactions under the Bankruptcy Code; 2) briefly reviews case law developments involving ” 559 and 560 of the Bankruptcy Code; 3) identifies some key unresolved issues; and 4) concludes with some thoughts about whether or not these Bankruptcy Code safe-harbor provisions have some unintended consequences and can adequately address systemic risk in an environment of ever-changing complex financial transactions.
The Evolution of Safe-Harbor Protections
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The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
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A defendant in a patent infringement suit may, during discovery and prior to a <i>Markman</i> hearing, compel the plaintiff to produce claim charts, claim constructions, and element-by-element infringement analyses.