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Navigating the Cybersecurity Storm: A Guide for Directors and Officers

READ THE DIGITAL EDITION HERE        

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Frequent and Favorite Topics: Fraudulent transfer, recharacterization and equitable subordination

In re SGK, a recent case out of the bankruptcy court for the Northern District of Illinois, touches upon a number of frequent and favorite topics, including fraudulent transfer, recharacterization and equitable subordination.     Background Before its Chapter 11 filing in 2013 and before...

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EDNY: Nondebtor Alter Egos Don’t Automatically Benefit from the Automatic Stay, Says New York’s Eastern District

Just what actions are stayed by virtue of a debtor’s bankruptcy filing? And who is protected by that automatic stay?  The long answer to those questions is complex, but a decision issued this summer illustrates some of the considerations to be taken into account in assessing the length...

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Cybersecurity

A “Safer” Safe Harbor: U.S. companies face the impact of the ECJ’s Schrems ruling

On October 6, 2015, the European Court of Justice (ECJ) issued a ruling in Schrems v. Data Protection Commissioner that invalidated the European Commission’s decision that the data privacy principles of the U.S.-EU “safe harbor” – pursuant to which U.S. companies transfer...

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Litigation

Sanchez v. Valencia Holding Co., LLC: The California Supreme Court rejects a post-Concepcion unconscionability challenge in a consumer-fraud class action and compels arbitration

California has been a battleground for litigants testing whether and under what circumstances mandatory arbitration provisions and class action waivers will be enforced. A recent decision from the California Supreme Court, Sanchez v. Valencia Holding Co., No. S199119, 2015 WL 4605381 (Cal. Aug. 3...

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Bankruptcy & Restructuring

Lien-Stripping Landscape More Hospitable to Debtors: Decisions suggest avoiding a lien on real property may be permissible

Lien stripping is a topic that has frequently been in the bankruptcy news this summer in light of the U.S. Supreme Court’s recent decision in Bank of America v. Caulkett. Post-Caulkett, we here at the Weil Bankruptcy Blog queried whether the Dewsnup rule that liens could ride through a...

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Litigation

Supreme Court Trues Up False Claims: Recent decision limits impact of wartime suspension and first-to-file bar on FCA suits

On May 26, 2015, the Supreme Court ruled on two significant questions impacting FCA claims – (1) whether the Wartime Suspension of Limitations Act (“WSLA”) tolls the statute of limitations in civil FCA cases during times of war; and (2) whether a first-filed case is still deemed...

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