General Growth and Brookfield Properties offer a powerful “tale of two cities” in which clever legal and financial structuring appear to win out above all. With all eyes on GGP’s tragic drama, Brookfield’s own maneuvers are a source of inspiration…

Islamic finance is at an interesting crossroad in its young history and is facing an array of new challenges. Several hot issues are occupying Islamic finance’s leadership, from contract interpretation to global dispute resolution to restructuring-related concerns. . .

The U.S. operations of Spheris, a medical transcription company, filed for Chapter 11 in Delaware and has already entered into a stalking-horse agreement with MedQuist to…

Warren Buffet’s investing secret? His attorneys. Since the onset of the financial crisis, Berkshire Hathaway has been involved in swath of deals, many of which required intricate legal know-how…

Breaking up is always the hardest part, as some “wallet-broken” stakeholders are finding out in bankruptcy court. Capmark, Nortel, Canwest and others are spiraling out of existence with each asset sale…

The credit crisis roared like a lion in early 2009 and the reverberations affected M&A transactions throughout the year. Strategic M&A deals, including Pfizer /Wyeth, Berkshire Hathaway/Burlington Northern Santa Fe, and Disney/Marvel were…

The FDIC arranged the 130th failed bank asset sale of the year last week. This latest round of bank closures consisted of...

Nortel disclosed the completion of its wireless assets to Ericsson last week, as the previously announced $1.13 billion sale of Nortel’s CDMA business and LTE access assets was recently concluded...

IP’s chain of title is a fragile one, threatening M&A and normal operations alike. Just ask Skype and Ecko Group, both of whom have felt its sting. Making this abundantly clear is…

Independent News & Media has asked for shareholder approval for a restructuring plan which includes divestiture of South African billboard company INM Outdoor....

Hoping to join the likes of Lear Corp., Delphi and Frontier Airlines, all of which have emerged from bankruptcy in recent months, Tropicana Entertainment filed a new reorganization plan along with...

CIT’s bankruptcy may effectively become a new chapter in bankruptcy law. Faced with Lehman-like complexity, with issues and regulators galore, its devils include its complicated funding strategies, sale-leaseback litigations and…

Bankruptcy asset sales are always controversial, but trailblazers Warren Buffett and Capmark may have pushed controversy to a new level. With their $1 billion put option, Berkadia and Capmark have created a pseudo-stalking horse…

General Growth and Brookfield Properties offer a powerful “tale of two cities” in which clever legal and financial structuring appear to win out above all. With all eyes on GGP’s tragic drama, Brookfield’s own maneuvers are a source of inspiration…

Islamic finance is at an interesting crossroad in its young history and is facing an array of new challenges. Several hot issues are occupying Islamic finance’s leadership, from contract interpretation to global dispute resolution to restructuring-related concerns. . .

Williams Partners announced the completion of a $3.5 billion private placement to help fund a previously announced strategic restructuring...

What's debt among friends? Sometimes it can be a legal and financial headache, so firms must restructure related party debt. Case in point, Hallmark Cards, which has announced a new recapitalization plan that will…

Hexion is a comeback story, part of private equity’s re-emergence, not just through, new investments but old ones as well...

English football is sometimes known for its combativeness –but it may soon be known for its restructuring and corporate reorganization as well. In a corporate drama replete with leverage, hedge funds and the Glazer clan, Manchester United’s latest troubled offering…

Dubai’s attempts to restructure the well publicized debt of Dubai World have brought about a restructuring of a different sort: that of the Emirate’s legal framework. Foreign courts, domestic courts, and now…

Carl Icahn is feeling lucky and he’s heading to the casino – as in Tropicana Entertainment Inc., which recently filed a copy of its exit financing facility…

Breaking up is always the hardest part, as some “wallet-broken” stakeholders are finding out in bankruptcy court. Capmark, Nortel, Canwest and others are spiraling out of existence with each asset sale…

A U.S. bankruptcy court has approved the plan of pre-organization submitted by Cary, N.C.-based R.H. Donnelley Corporation, a print and online yellow pages publisher…

FCPA enforcement has stepped up yet again, even touching China-related actions in the U.S.A. The SEC’s year-end salvo against California’s UTStarcom Inc. was announced under the cover of 2009’s year end close….

The credit crisis roared like a lion in early 2009 and the reverberations affected M&A transactions throughout the year. Strategic M&A deals, including Pfizer /Wyeth, Berkshire Hathaway/Burlington Northern Santa Fe, and Disney/Marvel were…

Pre-packing for the trip through Chapter 11 has gotten busier…and maybe even faster. Debtors from CIT Group to Lear Corp have used prepackaged bankruptcy plans during 2009, to great effect. Driving this are bankruptcy processes and credit markets that make any other route so risky that parties cannot afford to careen into Chapter 11...

Simon Property Group disclosed on Friday that it has slightly increased its borrowing capacity. The company replaced its current $3.5 billion unsecured revolving credit facility with a new…

New York-based Haights Cross Operating, the parent company of Haights Cross Communications, an educational materials publisher, has presented its prepackaged bankruptcy plan to its shareholders to be voted upon…

Education services provider Princeton Review is raising both debt and equity in its effort to recapitalize. The company recently secured additional debt in the form of...

Builders FirstSource has disclosed that it will reduce the target tender percent of its recapitalization transactions...

Bank of America is on the move to repay the $45 billion it received in government bailout funds with the sale of its common equivalent securities valued at $18.8 billion…

Private equity debt is restructuring, to the sounds of collateral splitting and accordions opening. Apollo is among the leaders, through portfolio companies like Realogy…

This fall has seen a tentative recovery in credit markets – even for a casino and hotel left half-built. After filing for Chapter 11, while holding assets of an unfinished Las Vegas hotel project on its books, Fontainebleau Las Vegas LLC has received…

After Lear and Delphi’s emergence from bankruptcy, things continue to look up for the auto parts industry: Cooper-Standard Holdings, an automotive parts manufacturer, filed its debtor-in-possession financing agreement with the SEC...

Independent News & Media has asked for shareholder approval for a restructuring plan which includes divestiture of South African billboard company INM Outdoor....

Lear Corporation announced in an SEC filing that it has entered into a Warrant Agreement with Mellon Investor Services LLC, a New Jersey-based LLC, as the warrant agent…

CIT’s bankruptcy may effectively become a new chapter in bankruptcy law. Faced with Lehman-like complexity, with issues and regulators galore, its devils include its complicated funding strategies, sale-leaseback litigations and…

Credit derivative dealers will settle credit default swaps insuring the debt of CIT Group in an auction after the commercial lender filed for bankruptcy…

What is GM doing with its cash these days? General Motors’s mid-summer restructuring, funded by the U.S. Treasury, the Canadian federal government, and the Ontario government, raced through…

Bankruptcy may be hardest on companies, but it’s no picnic for their landlords either.  With once-blockbuster tenants like Movie Gallery and Blockbuster reeling from the twin impacts of RedBox and the recession, already-troubled commercial real estate companies are…

Pre-packing for the trip through Chapter 11 has gotten busier…and maybe even faster. Debtors from CIT Group to Lear Corp have used prepackaged bankruptcy plans during 2009, to great effect. Driving this are bankruptcy processes and credit markets that make any other route so risky that parties cannot afford to careen into Chapter 11...

Just as the tech sector took off in the late 1990s, the energy now appears to be gearing up as the sector to watch. The latest sign? Encana Corp, a Calgary Alberta corporation, intends to separate itself into highly focused energy companies…

General Growth and Brookfield Properties offer a powerful “tale of two cities” in which clever legal and financial structuring appear to win out above all. With all eyes on GGP’s tragic drama, Brookfield’s own maneuvers are a source of inspiration…

Smart money investor John Paulson is placing his bets on SuperYellowPages’ emergence from bankruptcy. After emerging from reorganization under Chapter 11 and incurring more than $9 billion in...

Viasystems Group, Inc., a holding of private equity giant Hicks, Muse, Tate & Furst, recently completed a reverse triangular merger with Merix Corporation…

Dubai’s attempts to restructure the well publicized debt of Dubai World have brought about a restructuring of a different sort: that of the Emirate’s legal framework. Foreign courts, domestic courts, and now…

When even Toyota has to announce a major product recall, legal observers know product liability is a hot topic. The Japanese carmaker, often hailed as…

Late in December last year Lehman Brothers International Europe (LBIE) announced that it had received sufficient acceptances to its Claim Resolution Agreement to return up to £7 billion ($11 billion) of assets…

A U.S. bankruptcy court has approved the plan of pre-organization submitted by Cary, N.C.-based R.H. Donnelley Corporation, a print and online yellow pages publisher…

Making sense of the 2009 U.S. capital markets is no easier than peering into the capital market’s crystal ball for 2010. Clear trends like spinoffs, Chinese IPOs, and junk bonds drove the equity and debt markets during 2009 and these trends could drive the market in 2010…

Many of the companies and industries hit hardest by the financial downturn are continuing to work their way through the bankruptcy process. In one example, bondholders and Trump Entertainment Resorts filed…

Staff comment letters indicate CIT Group’s seemingly smooth prepackaged reorganization hit some potholes with the Securities and Exchange Commission (SEC)...

General Growth’s bankruptcy shakes the foundations of the commercial real estate market, and the financing documents that hold it up. The bankruptcy plot touches on a wide range of issues, from the sacredness of corporate entities to director independence to the prevalence of Delaware entities…

Builders FirstSource has disclosed that it will reduce the target tender percent of its recapitalization transactions...

Lawyers, check your escrow clauses, lest they bring a Fortune 1000 company to its knees. The bankruptcy saga of LandAmerica holds great importance, from SPACs to M&A and, of course, to commercial real estate deals. Seldom have…

When a big business teeters on the edge of failure, a broad array of third parties cringe. Suppliers, creditors, employees, and even the tax man – for each of these, the threat of that first domino toppling over can be significant…