{"id":3371,"date":"2018-05-16T10:47:00","date_gmt":"2018-05-16T14:47:00","guid":{"rendered":"https:\/\/www.lsta.org\/news\/quarterly-bankruptcy-roundup-ix\/"},"modified":"2019-06-27T15:50:58","modified_gmt":"2019-06-27T19:50:58","slug":"quarterly-bankruptcy-roundup-ix","status":"publish","type":"post","link":"https:\/\/www.lsta.org\/news-resources\/quarterly-bankruptcy-roundup-ix\/","title":{"rendered":"Quarterly Bankruptcy Roundup IX"},"content":{"rendered":"<div class=\"imported-post\">\n<p class='first-para'><strong>May 16, 2018<\/strong> - This week the LSTA hosted the ninth installment of its quarterly roundup of Recent Developments in Bankruptcy Law. \u00a0As usual, Rich Levin of Jenner & Block focused on a number of key recently-decided bankruptcy cases which raised issues that could impact loan market participants.\u00a0 In Merit Management v. FTI, the United States Supreme Court narrowed the scope of the financial contract safe harbor, ruling that the plain meaning of Section 546(e) of the Bankruptcy Code \u201cdictates that the only relevant transfer for the purposes of the safe harbor is the transfer that the trustee seeks to avoid\u2019 and not intervening transactions.\u00a0 In another Supreme Court decision, U.S. Bank v. Village at Lakeridge, the Court addressed the proper standard of review for determining who is an \u201cinsider\u201d, concluding that the standard of review for a mixed question all depends on whether answering it entails primarily legal or factual work.\u201d\u00a0 Mr. Levin then discussed In re Transwest, a 9<sup>th<\/sup> Circuit case that held that in multi-debtor cases, Section 1129(a)(10) requires one accepting class per plan, nor per debtor.\u00a0 Other cases addressed equitable mootness, cram down plans, proceeds of collateral, and other issues.\u00a0 The presentation slides, summary of cases and a replay of the entire webinar are available <span style=\"text-decoration: underline;\"><strong><a title=\"Quarterly Bankruptcy Presentation & Replay\" href=\"https:\/\/www.lsta.org\/events-and-education\/presentations-replay\/event-details\/2018-05-15-recent-developments-in-bankruptcy-law-quarterly-webinar-on-may-15-2018#presentations\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a><\/strong><\/span>.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This week the LSTA hosted the ninth installment of its quarterly roundup of Recent Developments in Bankruptcy Law. \u00a0As usual, Rich Levin of Jenner & Block focused on a number of key recently-decided bankruptcy cases which raised issues that could impact loan market participants.\u00a0 In Merit Management v. FTI, the United States Supreme Court narrowed the scope of the financial contract safe harbor, ruling that the plain meaning of Section 546(e) of the Bankruptcy Code \u201cdictates that the only relevant transfer for the purposes of the safe harbor is the transfer that the trustee seeks to avoid\u2019 and not intervening transactions.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Quarterly Bankruptcy Roundup IX - LSTA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lsta.org\/news-resources\/quarterly-bankruptcy-roundup-ix\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quarterly Bankruptcy Roundup IX - LSTA\" \/>\n<meta property=\"og:description\" content=\"This week the LSTA hosted the ninth installment of its quarterly roundup of Recent Developments in Bankruptcy Law. \u00a0As usual, Rich Levin of Jenner & Block focused on a number of key recently-decided bankruptcy cases which raised issues that could impact loan market participants.\u00a0 In Merit Management v. 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