New Delaware Chapter 11 Filing – Pursuit Holdings (NY), LLC

By | Bankruptcy & Restructuring Law | February 21, 2017
Pursuit Holdings (NY), LLC f/k/a Pursuit Holdings, LLC has filed a chapter 11 petition before the United States Bankruptcy Court of the District of Delaware (Case No. 17-10389).  Pursuit Holdings appears to be affiliated with hedge fund Sanford Partners, L.P. The petition, which includes a list of the debtor’s largest creditors, is available here. View Full Post
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Do Lenders and Borrowers Intend a Novation of Prior Agreements? a Cautionary Tale and the Need to Be Crystal Clear in Drafting Amendments

By | Louisiana Law Blog | February 19, 2017
other-agreements By Dean P. Cazenave When lenders and borrowers want to modify the terms of an existing loan agreement, and the modifications are extensive and will affect many provisions of the agreement, the lender’s lawyer will often choose to draft an “amended and restated agreement” in order to document those modifications. View Full Post
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United States Coast Guard Updates CG-2692 Marine Casualty Reporting Form for 2017

By | Louisiana Law Blog | February 17, 2017
A United States Coast Guard Cutter of the Marine Protector class. This is an 87' vessel capable of 30+ knots and it is used for law enforcement, and search and rescue operations. By Michael J. O’Brien U.S. Coast Guard Form 2692 has been used for over forty (40) years to report marine casualties, commercial diving casualties, or outer continental shelf related causalities. Recently, the Form received a long overdue update. The new version of the form, effective as of 2017, is available here as well as the Coast Guard Home PortView Full Post
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Keepin’ It Classy: Court Certifies Class-Action for Alleged FDCPA Violations

Last week in Macy v. GC Services, the United States District Court for the Western District of Kentucky certified a class action involving the Fair Debt Collection Practices Act (“FDCPA”).  According to the plaintiffs, GC Services Limited Partnership violated the FDCPA by sending them debt collection notices which failed to specify that debt validation is only required if the customer disputes the debt in writing. View Full Post
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English Court Considers the Issue of COMI Location for 3 Jersey Companies

By | eSQUIRE Global Crossings | February 16, 2017
Shopping CentreThe recent case of Thomas & another v Frogmore Real Estate Partners & others [2017] EWHC 25 (Ch) provides useful guidance for anyone analyzing the centre of main interests (“COMI”) of a company not registered in the UK or other EEA state for the purposes of assessing whether or not insolvency proceedings relating to the company can be instigated in the UK courts under the EC Regulation. View Full Post
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