LLC Member’s Managerial and Voting Rights Cannot Be Stripped Upon Bankruptcy Filing Notwithstanding State Law Provisions to the Contrary Today’s
Bankruptcy Filing Notwithstanding State Law Provisions to the Contrary Today’s Rochelle’s Daily Wire discusses a recent bankruptcy case with important...
Debtor’s Failure to Explain Loss of Assets Leads to Denial of Discharge
Two debtors were denied a discharge under Section 727(a)(5) of the Bankruptcy Code after failing to satisfactorily explain the loss of $446,897.00...
Allegations of Self-Dealing, Uninformed Decisions, and Lack of Formalities Raise Plausible Claims for Breach of Fiduciary Duties and Debt
Formalities Raise Plausible Claims for Breach of Fiduciary Duties and Debt Recharacterization or Subordination A complaint filed by a liquidating...
HIMA San Pablo: DIP Financing Denied Due to Lack of Adequate Protection to CRIM
to CRIM With over $400 million in liabilities, HIMA San Pablo’s bankruptcy could be the largest filing in the District of Puerto Rico in the last...
Hours ago the Supreme Court of the United States resolved a split among several circuits of the U.S. Courts of Appeal on whether Section 363(m)
several circuits of the U.S. Courts of Appeal on whether Section 363(m) of the Bankruptcy Code is jurisdictional in nature.
First Circuit: Approval of Disclosure Statement Is Not Immediately Appealable
Appealable The First Circuit dismissed an appeal of the Title III court’s approval of the disclosure statement for PREPA's Plan of Adjustment.
Trustee Fails to Recover Assets Transferred by Debtor’s Wholly Owned Corporation A Chapter 11 liquidation trustee sued to recover assets that were
Corporation A Chapter 11 liquidation trustee sued to recover assets that were transferred post-petition by a corporation that was wholly owned...
Rejection of Contract Precludes Refund of Unearned Payments Under Kentucky Law
Kentucky Law A recent decision by the U.S. Bankruptcy Appellate Panel for the Sixth Circuit showcases the potential pitfalls of failing to evaluate...
SCOTUS: Post-Trial Rule 50 Motion Not Required to Preserve Legal Issues
Resolved at Summary Judgment In a unanimous opinion, the Supreme Court held that a post-trial motion under Rule 50 is not required to preserve...
Offeror Which Submits Technically Unacceptable Quotation Is Not An Interested Party For Purposes of Challenging the Merits of An Award K2 Aerial
Interested Party For Purposes of Challenging the Merits of An Award K2 Aerial Applications, LLC filed a protest before the Government Accountability...
Agency Properly Rejected Proposal Submitted to Wrong Email A protester’s proposal was rejected as late by the Department of Homeland Security after
A protester’s proposal was rejected as late by the Department of Homeland Security after the agency received the proposal at 7:25 pm and the deadline...
Suficiencia del precio cotizado por contratista para pagar el salario mínimo es inconsecuente a la adjudicación de subasta impugnada, según
mínimo es inconsecuente a la adjudicación de subasta impugnada, según el Tribunal de Apelaciones En todo proceso de compra gubernamental es necesario...
Formulario de fianza de licitación no enmendó el Pliego de Subasta Ante un conflicto entre el formulario provisto por la Autoridad de Acueductos
Ante un conflicto entre el formulario provisto por la Autoridad de Acueductos y Alcantarillados para someter la fianza de licitación y los requisitos...
Cancelación de adjudicación de RFP por error subsanable fue arbitraria y caprichosa según el Tribunal de Apelaciones
caprichosa según el Tribunal de Apelaciones El Tribunal de Apelaciones revocó una determinación de la Junta de Subastas del Municipio de Toa Baja...
Junta de Subastas erró al no considerar un documento omitido de la copia física de una oferta, pero incluido en su versión electrónica
física de una oferta, pero incluido en su versión electrónica El Tribunal de Apelaciones confirmó una resolución de la Junta Revisora de Subastas...
Sociedad licitadora incumplió al no estar registrada en el RUL y SAM de forma independiente a los socios que la componen
forma independiente a los socios que la componen La Junta Revisora de la ASG no erró al determinar que la sociedad compuesta por Acciona Agua Puerto...
Awarded Contract Can Be Executed Despite Ongoing Bid Protest In Medtrust, LLC v. Bid Board of the Municipality of San Juan, the bid board awarded
In Medtrust, LLC v. Bid Board of the Municipality of San Juan, the bid board awarded a contract to NTSPR, LLC for the supply of air purification units.