Releases

Supreme Court Blocks Nonconsensual Third-Party Bankruptcy Releases, Reshaping Chapter 11 Landscape

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Washington, D.C. — The Supreme Court has handed down a significant decision on June 27, 2024, that changes the landscape of bankruptcy law, particularly how claims against third parties are handled in Chapter 11 reorganization cases. The court ruled in a 5-4 decision across ideological lines, prohibiting the inclusion of nonconsensual third-party releases in Chapter 11 reorganization plans, a practice that had previously allowed for the discharge of claims against nondebtors without their consent. Justice Neil Gorsuch, writing for the majority, which included Justices Clarence Thomas, Samuel Alito, Amy Coney Barrett, and Ketanji Brown Jackson, … Read more

Michigan AG Dana Nessel Releases New Voting Guidelines, Emphasizes Security and Privacy at Polls

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Lansing, MI — Michigan’s top legal authority, Attorney General Dana Nessel, has released comprehensive new guidelines aimed at ensuring lawful and orderly management during the elections. The guide was designed to instruct election workers and law enforcement on navigating recent changes in voting regulations and addressing potential disturbances at polling stations. In a detailed 14-page advisory, Nessel covers topics including the heightened security of ballot drop boxes and restrictions on firearms near voting sites. Additionally, the document specifies the boundaries of electioneering around polling places and defines the roles election challengers are permitted to play. … Read more

Supreme Court Reshapes Future of Bankruptcy Practices with Landmark Ruling on Non-Debtor Releases

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Washington, D.C. – In a landmark decision, the Supreme Court has established a significant precedent regarding the scope of bankruptcy protections, particularly impacting the release of non-debtors without the explicit consent of claimants. The ruling could reshape many aspects of Chapter 11 bankruptcy proceedings and has broad implications for future cases involving mass tort litigation. The majority, a five-justice panel, contended against the minority of four justices, focusing on whether it is proper to grant releases to non-debtors who haven’t sought creditor approval. Historically, bankruptcy discharge—that is, the release from obligation to pay—has been reserved … Read more

Asia Business Law Journal Releases Prestigious A-List Featuring Top 100 Lawyers and 35 Legal Icons in the Philippines

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MANILA, Philippines — The Asia Business Law Journal has recently released its esteemed A-List, featuring the Philippines’ top 100 lawyers and an additional 35 legal icons, spotlighting the nation’s most accomplished legal minds. This announcement comes amidst a backdrop of significant economic strides within the country, positioning the Philippines among Asia’s fastest-growing economies, a boost largely attributed to government efforts led by President Ferdinand Marcos Jr. During the second quarter of 2024, the Philippine economy expanded by 6.3%, a notable increase from 4.3% the previous year. This growth is fueled by heightened government spending on … Read more