China’s market-oriented reform has generally been successful since it started in the late 1970s. However, the transition of its corporate and financial sectors has suffered greatly from the absence of a functioning insolvency regime.
Committees
I am sure that I am not alone in noticing that my commercial-corporate bankruptcy practice has involved a far greater number of fraud cases than I eve
During one week in May, two appellate decisions came out of the district court of the Southern District of New York relating to mootness of appeals of confirmation
Rarely is an official rule of court publicly acknowledged as a license for a “fishing expedition,” but that is the characterization often conferred by the courts o
Over the past year, courts have begun addressing issues raised by revised 28 U.S.C.
dments in italics):
Bankruptcy fraud
It was a call from one of the firm’s Caribbean practices that launched me on a totally unexpected but immensely engaging part of my career.
On Aug. 27, 2006, the People’s Republic of China passed a new bankruptcy law that will become effective on June 1, 2007. The concept of bankruptcy law is not new in Chinese law. The first bankruptcy law, called the “Qing Law,” dates from 1906, near the end of Qing dynasty.
The Internal Revenue Service (IRS) offer-in-compromise program has changed significantly following the July 16, 2006 effective date of certain provisions in the Ta
Occasionally, a debtor may place a provision in a chapter 13 plan that is contrary to the Bankruptcy Code and the plan is confirmed without objection. It has been a long-held belief that a creditor’s failure to object to the confirmation of a chapter 13 plan waives any objection to the plan once the plan is confirmed.