Bankruptcy Law News and Insights

Federal Circuit Holds Ambiguity In License Terms Precludes Dismissal On The Pleadings

Published: Nov 20, 2019
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Although a valid license can provide a complete defense to patent infringement, the tangled web created when the defense is predicated on a sublicensee’s rights following bankruptcy of the sublicensor may preclude resolution at the pleadings stage. This case arose out of an infringement suit between Fraunhofer-Gesellschaft (“Fraunhofer”) and Sirius...

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Key Issues In Restructurings Heading Into An Economic Downturn

Published: Nov 04, 2019
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It's difficult to predict exactly what major legal issues will arise in the next economic cycle, however, we do expect that in the next downturn there will be an increased number of chapter 11 cases, many of which will be marked by disputes among creditors. One of the consequences of...

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Foreign Debtor’s COMI Shift Dooms Bid For Chapter 15 Recognition

Published: Sep 11, 2019
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In In re O'Reilly, 598 B.R. 784 (Bankr. W.D. Pa. 2019), the U.S. Bankruptcy Court for the Western District of Pennsylvania denied the petition of a foreign bankruptcy trustee for recognition under chapter 15 of the Bankruptcy Code of a debtor's Bahamian bankruptcy case. Although the Bahamian bankruptcy was otherwise eligible...

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