BANKRUPTCY AND INSOLVENCY NEWS AND ANALYSIS – WEEK ENDING July 23, 2021

Trends and Legislative Developments

Week Ahead in Bankruptcy: July 19, 2021

Out of Court

Bankruptcy Spells Death for Too Many Businesses

Bankruptcy No Sanctuary Against Government

Enforcement Actions: NRA’s Chapter 11 Case Dismissed as Bad Faith Filing

Bankruptcy Court May Exercise “Related to” Jurisdiction Over Quiet Title Action

Avoidance and Recovery

Setoffs Under Shari’a-Compliant Investment Contracts Not Safe Harbored in Bankruptcy

New Court Ruling on Whether Avoidance Powers Require Benefit to Creditors

Reorganization

Delaware Bankruptcy Court Decision Supports Pathway to Make Chapter 11 Cases Less Expensive

Cross-Border

Chapter 15 Update: U.S. Bankruptcy Court Refuses to Enforce Order Approving Indonesian Debt Restructuring Plan Due to Third-Party Releases

U.S. Bankruptcy Code Tolling Provision Applies in Chapter 15 Case to Extend Deadlines Under Foreign Bankruptcy Law

Illinois Bankruptcy Court Examines Statutory Authority for Enforcing Foreign Bankruptcy Court Orders in Chapter 15 Cases

Bankruptcy-Friendly U.S. Extends Lead as Haven of Foreign Filers