Beginning in 2012, a distinguished group of bankruptcy attorneys, academics and judges known as the American Bankruptcy Institute (ABI) Commission to Study the Reform of Chapter 11 (the Commission) held periodic meetings throughout the U.S. to analyze and discuss comprehensive reforms to chapter 11 of the Bankruptcy Code. The results of their analyses and recommendations […]
Recommendations of the ABI Commission to Study the Reform of Chapter 11: Intellectual Property Licenses
5th Circuit Bankruptcy Summary: In re Lothian Oil, No. 12-50462 (Jan. 7, 2014)
This is the latest in several Lothian Oil matters that have been heard by the Fifth Circuit in the last several years. Lothian Oil filed Chapter 11 in 2007 and confirmed a plan in 2009. Thereafter, an unofficial committee of shareholders, including several of the parties in this current case, filed a post-confirmation challenge to […]
5th Circuit Bankruptcy Summary: In re BP RE, L.P., 2013 WL 5975030
Right on the heels of the Frazin case, the Fifth Circuit has entered another opinion discussing Stern and whether parties can consent to the authority of the bankruptcy court to enter a final judgment. The case is In re BP RE, L.P., 2013 WL 5975030 (Nov. 11, 2013). The case involved BP RE, L.P. (“BPRE”) which filed Chapter 11 in […]