Bankruptcy

November 11, 2019

MDC Energy LLC, along with three affiliates, filed a petition under Chapter 11 of the Bankruptcy Code in the District of Delaware. These debtors are affiliates of MTE Holdings, LLC, et al. (Lead Case No. 19-12269), currently pending before the Honorable Karen B. Owens. MDC Energy LLC reports assets between $1-10 billion and liabilities between $100-500 million. Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only.…

Finance & Bankruptcy Law Blog

Start Spreadin’ the News: California Court Says No to New York, New York; Rejects Forum Selection Clause

By Steven Cardoza & Jacqueline Gottlieb Luther

November 8, 2019

Sinatra may have found success in the city that never sleeps, but a California court has just made it more difficult for any party doing business with a California resident to do the same. At least, when it comes to resolving disputes without a jury in a New York courtroom, or in the courtroom of any other jurisdiction that enforces pre-dispute jury trial waivers. This case will be of major interest to commercial lenders, and…

Louisiana Law Blog

Recent Department of Labor Audits a Good Reminder to Understand the Law and Follow Best Practices

By Steven Boutwell

November 8, 2019

By: Louis M. Grossman In September, the Department of Labor imposed significant fines against two Louisiana restaurants for violations of the Fair Labor Standards Act (“FLSA”). The iconic New Orleans Cajun-Creole restaurant Jacques-Imo’s paid more than $55,000 in fines for violating child labor laws under the FLSA; Superior Seafood paid out more than $230,000 in back wages and penalties. Following an incident in which a 13 year old employee sustained third degree burns, the Department…

Bankruptcy & Restructuring Law

New Delaware Chapter 11 Filing – Arsenal Resources Development LLC

By Cole Schotz

November 8, 2019

Pennsylvania-based Arsenal Resources Development LLC, along with 16 affiliates, has filed a petition under chapter 11 of the Bankruptcy Code in the District of Delaware (Lead Case No. 19-12347). The lead debtor reports assets and liabilities between $500 million and $1 billion. The cases have been assigned to the Honorable Brendan Linehan Shannon. Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received…

Bankruptcy & Restructuring Law

Delaware Organizational Meeting- Fleetwood Acquisition Corporation

By Cole Schotz

November 6, 2019

Upcoming Committee Formation Meeting: Wednesday, November 13, 2019 Case Name: 19-12332 (KG) Location: Delaware State Bar Association 405 King Street, 2nd Floor Wilmington, DE 19801 Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief. Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtor…

Zone of Insolvency

Federal Court deems Halifax a “classic candidate” for cross border insolvency cooperation

By Mark Schneider (AU)

November 5, 2019

On August 22, 2019, Justice Gleeson delivered her judgment in Re Halifax. Halifax Australia (Halifax Aus) owned and operated a number of Halifax investment services companies operating under the Halifax name in various locations around the world. In late 2018, liquidators were appointed to Halifax Aus. At the time, Halifax owned 70% of Halifax New Zealand (Halifax NZ). As a part of business operations, funds were transferred between Halifax Aus and Halifax NZ on an…

In The (Red)®

Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2019

By Bob Eisenbach

November 5, 2019

Each year amendments are made to the rules that govern how bankruptcy cases are managed — the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S. Supreme Court and technically subject to Congressional disapproval. Only A Few Rule Amendments This Year. Unlike previous years, there are only four rule amendments expected to…

Bankruptcy & Restructuring Law

New Delaware Chapter 11 Filing- Fleetwood Acquisition

By Cole Schotz

November 4, 2019

Pennsylvania-based Fleetwood Acquisition Corp., along with two affiliates, has filed a petition under chapter 11 of the Bankruptcy Code in the District of Delaware (Lead Case No. 19-12330). The lead debtor reports assets between $10-$50 million and liabilities between $50-100 million. The cases have not yet been assigned to a judge. Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice…

Five Minute Workout

First English Scheme of Arrangement Recognised in Canada under the CCAA

By Isabel Langlois

November 1, 2019

In a recent decision, the Ontario Superior Court of Justice recognised the English law schemes of arrangement of the Syncreon group under the Companies’ Creditors Arrangement Act, RSC 1985, c C-36 (“CCAA“). This was the first time a Canadian court was asked to determine whether proceedings under Part 26 of the Companies Act 2006 (the “Companies Act“) could be recognised as “foreign proceedings” under Part IV of the CCAA. The schemes, which included third party…

Iowa Bankruptcy Law Blog

Dickinson, Mackaman, Tyler & Hagen ranked in 2020 “Best Law Firms”

By noreply@dickinsonlaw.com Dickinson Mackaman Tyler Hagen P.C.

November 1, 2019

Dickinson, Mackaman, Tyler & Hagen has been ranked in the 2020 U.S. News – Best Lawyers “Best Law Firms” list regionally in 26 practice areas. This list recognizes firms who exhibit professional excellence with impressive ratings from their clients and peers. Ranked firms are presented in tiers on a national and/or metropolitan scale. Dickinson, Mackaman, Tyler & Hagen received the following rankings in the 2020 U.S. News – Best Lawyers “Best Law Firms”: Metropolitan Tier 1 Des Moines Banking…

Bankruptcy

New Delaware Chapter 11 Filing – MDC Energy LLC

Start Spreadin’ the News: California Court Says No to New York, New York; Rejects Forum Selection Clause

Recent Department of Labor Audits a Good Reminder to Understand the Law and Follow Best Practices

New Delaware Chapter 11 Filing – Arsenal Resources Development LLC

Delaware Organizational Meeting- Fleetwood Acquisition Corporation

Federal Court deems Halifax a “classic candidate” for cross border insolvency cooperation

Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2019

New Delaware Chapter 11 Filing- Fleetwood Acquisition

First English Scheme of Arrangement Recognised in Canada under the CCAA

Dickinson, Mackaman, Tyler & Hagen ranked in 2020 “Best Law Firms”

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