Southern District Of Texas Bankruptcy Court Finds LME Transactions Violated Credit Agreement

In their article published in the Journal of Bankruptcy Law titled, “Southern District of Texas Bankruptcy Court Finds LME Transactions Violated Credit Agreement, But Limits Recovery to Potential Claim in Robertshaw Litigation,” Schulte Roth & Zabel partner Doug Mintz, special counsel Peter Amend and associate Robert Brown discuss a bankruptcy court decision holding that a prepayment of a term loan debt violated the plain terms of the credit agreement.

Bankruptcy Judge Christopher Lopez of the US Bankruptcy Court for […]

By | September 24th, 2024 ||

Delaware Bankruptcy Court Reinforces The High Bar For Revocation Of A Chapter 11 Plan Confirmation Order

Confirmation of a chapter 11 plan providing for the reorganization or liquidation of a debtor is the culmination of the chapter 11 process. To promote the fundamental policy of finality in that process, the general rule is that a final confirmation order is inviolable. The absence of certainty that the transactions effectuated under a plan are valid and permanent would undermine chapter 11’s fundamental purpose as a vehicle for rehabilitating ailing enterprises and providing […]

By | September 20th, 2024 ||

Opening The Black Box Of Generative AI: Explainability In Bankruptcy Cases

By now, most of us have heard a story about the misuse of generative AI in the practice of law: the attorney who cited a case that didn’t exist,1 or the expert witness who relied on generative AI to create an expert report without independently verifying its contents.2

While these professionals’ willingness to be early adopters of new technology is admirable, both missed a critical step: supplementing artificial intelligence with human intelligence. While generative AI is […]

By | August 5th, 2024 ||