Bankruptcy Blogs

Ally Financial Inc. said Thursday it will pay $2.1 billion to its mortgage subsidiary Residential Capital and the unit’s creditors under an agreement reached last week that could move the Detroit-based lender closer to repaying its government bailout. Read the Daily Bankruptcy Review article here.

Editor's Note: Morning Scan will not publish on Monday, May 27, in observance of the Memorial Day holiday. Receiving Wide Coverage ...

Goldman's Reforms: The highlight of Goldman Sachs' "otherwise muted" shareholders meeting was news that the investment firm has implemented 39 initiatives designed to strengthen its business practices — and reputation — in the wake of the scandals following the financial crisis. These initiatives include "greater balance-sheet transparency" and "a more rigorous system for ensuring employees...

I have written a number of times on the blog about the impact of bankruptcy on trademark licenses, in particular what happens to trademark licensees whose licensors file bankruptcy. Trademark licensees face a real risk of losing their license rights in bankruptcy since they have no protection under Section 365(n) of the Bankruptcy Code.

With a litany of bipartisan reasons to oppose FATCA, ranging from privacy and sovereignty to U.S. economic competitiveness, it is startling that the legislation has advanced as far as it has.