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24 Sep 2008, 12:34 am
An article in today’s Miami Herald provides more details about the settlement agreement that we previously reported and under which freight forwarder Cargoland Air and Ocean Cargo, Inc. agreed to pay a fine of $36,000 to the Bureau of Industry and Security (”BIS”). [read post]
15 Sep 2008, 1:30 pm
Maybe, in the end, preparation of a well-executed contingency plan wouldn't have mattered much since, in BAPCPA, Congress (as discussed at length here) amended or added various provisions to the Bankruptcy Code that enabled a nondebtor party–without limitation–to terminate, liquidate or accelerate its securities contracts, commodity contracts, forward contracts, repurchase agreements, swap agreements or master netting agreements with the debtor. [read post]
1 Jun 2007, 2:30 pm
  Various other Code provisions were amended or added to reflect Congress's desire to enable a nondebtor party–without hesitation–to terminate, liquidate or accelerate its securities contracts, commodity contracts, forward contracts, repurchase agreements, swap agreements or master netting agreements with the debtor. [read post]
11 Apr 2007, 12:58 am
ALM Privacy Policy / Contact Us © 2007 ALM Properties, Inc. [read post]