BANKRUPTCY AND INSOLVENCY NEWS AND ANALYSIS – WEEK ENDING April 28, 2023

Trends and Legislative Analysis

As SPAC Boom Subsides, Some De-SPACed Companies Seek Chapter 11 Protection

Commercial Chapter 11 Filings Rise 79% Y/Y in March

Recent Developments in Business Courts 2023

Out-of-Court

Delaware Bankruptcy Court Upholds Creditor’s Proxy Right

Determining Insolvency: A Critical Duty for Directors at Distressed Companies

US companies in distress turn to debt exchanges to dodge bankruptcy

Bankruptcy

When Claim Objection Must Go To Arbitration—And When Not: Defensive v. Offensive Deployment (Johnson v. S.A.I.L.)

Case Commencement

Unique Issues Faced by Non-Profits in Bankruptcy

Secured Claims

Calculation of Secured Claims

Cross-Border

The Rule in Gibbs and Chapter 15 of the US Bankruptcy Code

When is a Cayman Islands liquidation not a foreign proceeding?