Attorneys from Willkie Farr & Gallagher LLP and Fox Rothschild LLP are representing the official committee of unsecured creditors of bankrupt professional golf league LIV Golf in the Chapter 11 the league started after losing the financial backing of Saudi Arabia.
Genesis Healthcare got the sign-off for an amended $1 billion asset sale, WilmerHale appointed a new restructuring chair, and the former CEO of electric-truck maker Nikola asked the Third Circuit to review a decision that his bankruptcy claim against his former company was properly subordinated.
A New York federal court decision that warned of "bankruptcy tourism" in Chapter 15 cases has given creditors new recourse to object to cross-border restructurings, landing at a moment when more U.S. companies are using foreign insolvency laws to obtain relief unavailable under Chapter 11.