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The Role of Third-Party Releases In Successful Chapter 11 Reorganizations Image

The Role of Third-Party Releases In Successful Chapter 11 Reorganizations

John J. Rapisardi & Jacob T. Beiswenger

Part Two of a Two-Part Article In Part Two, we continue the analysis by evaluating two constitutional issues arising from third-party releases: whether creditor consent to be bound by a third-party release is required to satisfy the due process clause of the Fifth and Fourteenth Amendments; and whether bankruptcy courts have constitutional authority to issue final orders granting third-party releases in a plan of reorganization under Stern v. Marshall.

Features

Fourth Circuit: Corporate Subchapter V Debtors Subject to Discharge Exceptions Under Bankruptcy Code Image

Fourth Circuit: Corporate Subchapter V Debtors Subject to Discharge Exceptions Under Bankruptcy Code

Lawrence J. Kotler & Elisa Hyder

In a matter of first impression not yet addressed by any circuit court, the Fourth Circuit addressed whether the discharge exceptions under Section 523(a) apply to corporate debtors under Subchapter V of Chapter 11 of the Bankruptcy Code.

Features

Legal Travel Is Back: Post-Pandemic Tips for Lawyers Traveling for Trials Image

Legal Travel Is Back: Post-Pandemic Tips for Lawyers Traveling for Trials

Ryan Spear

Many courts across the country have resumed in-person trial operations. Law firms now face new challenges when it comes to planning for out-of-town trials, as the return to in-person proceedings requires coordinating travel logistics such as airfare, hotel reservations and technological needs.

Features

Three Takeaways from 'Casey v. Whitehouse Estates' Rent Regulation Decision Image

Three Takeaways from 'Casey v. Whitehouse Estates' Rent Regulation Decision

Jeffrey Turkel

On March 16, 2023, the Court of Appeals decided Casey v. Whitehouse Estates, Inc., the first Court of Appeals ruling to address rent regulation since its landmark decision in Matter of Regina Metro. Co., LLC v. New York State Div. of Hous. & Community Renewal, the Court of Appeals unanimously reversed the First Department's finding that the landlord's purported fraud mandated use of DHCR's so-called default rent formula.

Columns & Departments

Development Image

Development

NYRE Staff

Sand Mine Enjoys Nonconforming Use Protection Contract Vendee Entitled to Use Variance Despite Knowledge of Ordinance's Provisions

Columns & Departments

Real Property Law Image

Real Property Law

NYRE Staff

Strict Liability for Excavation Damage Easement Was Non-Exclusive Purchaser's Claims Barred By Merger Doctrine, Caveat Emptor Purchaser's Claim Based on Inoperative Elevator Dismissed In the Absence of Active Concealment Deed Forgery Claim Survives Motion to Dismiss

Columns & Departments

Landlord & Tenant Law Image

Landlord & Tenant Law

NYRE Staff

Wrongful Eviction Claim Raises Questions of Fact Yellowstone Injunction Cure Period

Features

Appellate Court Reverses Chapter 11 Confirmation Order Based on Faulty Tax Ruling Image

Appellate Court Reverses Chapter 11 Confirmation Order Based on Faulty Tax Ruling

Michael L. Cook

The Northern District of California recently issued two blistering opinions on appeals by the IRS and California Franchise Tax Board from a bankruptcy court's Chapter 11 plan confirmation order and a tax determination order.

Features

Syndicated Commercial Real Estate Loan Transactions In Today's Market Image

Syndicated Commercial Real Estate Loan Transactions In Today's Market

Richard S. Fries & Darby K. Brown

Larger commercial real estate mortgage loans are often originated by a group or "syndicate" of lending institutions that each contribute a portion of the overall loan proceeds and share the benefits and risks. This article describes several significant features of a "syndicated" real estate loan that are not commonly known or understood.

Features

Corporate Bankruptcies and the Restructuring Solution Image

Corporate Bankruptcies and the Restructuring Solution

Brian Wanat

Recent, big-name Chapter 11 filings have brought to the light the importance of insurance solutions for companies in financial distress, as companies in this situation face oftentimes new and uncharted issues.

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