Remove 2016 11
article thumbnail

Company Directors banned for trading whilst insolvent

UK debt collections

Three Directors of a Finance firm have been banned for trading whilst insolvent. Independent Derivative Traders Ltd traded as Futex. They provided access to a financial markets trading platform for sub contracted independent traders in the UK. Disqualification began on September 11, 2018. About disqualification.

Trade 72
article thumbnail

Debtor may not Sell its Intellectual Property Free and Clear of Creditor’s Interests

ABI

John’s University School of Law American Bankruptcy Institute Law Review Staff Section 363 of title 11 of the United States Code (the “Bankruptcy Code”) allows a debtor to sell its bankruptcy assets free and clear of liens and interests only if certain circumstances are met. [1] 22] [1] See 11 U.S.C. § 2] 11 U.S.C. §

Debtor 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

District Court Rejects the Narrowing of § 546(e) “Safe Harbor” Provision and Applies Safe Harbor to Privately Held Securities

ABI

1] The safe harbor rule set out in Section 546(e) of Title 11 of the United States Code (the “Bankruptcy Code”) provides, in part, that a trustee may not avoid a transfer made before the commencement of the case in connection with a securities contract, as defined in Section 741(7), made by, to, or for the benefit of a financial institution. [2]

article thumbnail

Trademark Licensees Take Note: The Supreme Court Might Review The Tempnology Decision — And Whether A Licensee Can Keep Trademark Rights After Rejection

In the Red

However, unlike patents, copyrights, and trade secrets, trademarks were not included in the definition of “intellectual property” in Section 101(35A) of the Bankruptcy Code. Most courts have held that trademark licensees have no protection under Section 365(n).

article thumbnail

The Crystal Anniversary: Chapter 15 Turns 15

PBWT

domestic adoption of the Model Law on Cross-Border Insolvency promulgated by the United Nations Commission on International Trade Law ("UNCITRAL") in 1997. Since 2016, chapter 15 filings have increased by almost 25% (in 2020, there were a total of 236 filings). Chapter 15 represents the U.S. patents under U.S.

Debtor 65
article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

District Court for the Central District of California entered an order, authorizing the IRS to serve a John Doe summons on SFOX, a Los Angeles-based cryptocurrency broker, to produce trading records for SFOX users who conducted trades totaling at least $20,000 between 2016 and 2021. For more information, click here.

article thumbnail

Amateurism vs. ProfessionalismAlabama Bypasses The National Collegiate Athletic Association and Enacts Law Allowing Collegiate Student Athletes to Receive Compensation For Their Names, Images, and Likenesses.

Burr Forman

23] The Act requires an individual representing a student athlete to either be (i) registered as an athlete agent with Alabama pursuant to Alabama’s Revised Uniform Athlete Agents Act (2016) or (ii) a licensed attorney and a member in good standing of the Alabama State Bar. [24]. 11] HB 404 § 2(a). 40] HB 404 § 11. [41]