Weekly News – March 11
Notable decisions this week
Supreme Court to Consider Constitutionality of Chapter 11 Fees
U.S. Supreme Court Declines Review Ending Shareholder Fraudulent Transfer Litigation in Tribune
Tweet of the week
The Creditor Rights Coalition Encourages the Bankruptcy Court for the Southern District of Texas to Use Rule-Making Authority to Curb Judge Shopping
Russia and the Credit Markets
Fitch Downgrades Russia to ‘C Citing Imminent Default
JPMorgan boots Russian debt from widely tracked bond indices
Deep Dive: War in Ukraine Creates Uncertainties for Leveraged Debt Investors
Credit Agreement Considerations for Borrowers After Russian Invasion of Ukraine
The Alternative Payment Currency Event Clause in Russian Sovereign Bonds
Explaining Swift and alternatives
Update: Russia Adopts Decree on Repayment in Russian Rubles of Debt to Foreign Creditors
Russia imposes additional restrictions on transactions with foreign investors
What are academics talking about?
Harvard Law School Forum on Corporate Governance Blog Post on The Rise of Bankruptcy Directors
Prof. Ayotte Note on the J&J/LTL bankruptcy decision
Prof. Jacoby on Implications of Third Party releases in the Boy Scouts case
What’s happening in the Courts?
Second Circuit Purdue Pharma appeal to be heard April 25, 2022
States object to allocation of Purdue Pharma settlement
Review of other noteworthy bankruptcy and creditor rights opinions
What’s happening across the industry?
LSTA Issues Additional Guidance for ESG Loans
SEC Proposes Changes to Private Fund Rules
Interesting Podcasts
Clauses & Controversies: Is Russian Sovereign Debt Now Worthless?
March 22: Reflections and Insights: Ad Hoc Committees in Financial Restructurings
April 28: American Bankruptcy Institute Annual Spring Meeting
The miscellaneous pile
The World’s Largest Law Firm Thinks You’ve Got it all Wrong