Last week the LSTA hosted the seventh installment of its quarterly webinar roundup of Recent Developments in Bankruptcy Law. As usual, Rich Levin of Jenner & Block focused on a number of key recently-decided bankruptcy cases that raised issues of importance to loan market participants.
This week the LSTA hosted the fifth installment of our quarterly roundup of Recent Developments in Bankruptcy Law. Rich Levin of Jenner & Block once again focused on a number of recent key cases for loan market participants. The most important issue covered was the recent Supreme Court decision in In re Jevic where the Court ruled that non-consensual structured dismissals that distributed an estate’s property in violation of the absolute priority rule are prohibited.
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