What We’re Reading This Week [August 24, 2020]
New Chapter 11 Filing – TNT Crane & Rigging Inc.
On August 23, 2020, TNT Crane & Rigging Inc., one of the largest crane service providers in North America, and its affiliated entities filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 20-11982). The petition lists $500 million to $1 billion in both assets and liabilities.
Cole Schotz does not represent the Debtors in these cases. We are posting this for…
RGN Group Holdings Files for Chapter 11 Protection in Delaware; Seeks Approval of Lease Termination Notification Procedures
RGN Group Holdings LLC, and certain of its affiliates (“RGN” or the “Debtors”) filed voluntary Chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the District of Delaware on August 17, 2020.
According to court filings, the Debtors are subsidiaries of Regus Corporation, a Delaware corporation that, together with its affiliates offers a network of on-demand office and co-working spaces, and ancillary services and support, to a variety of clients across a host…
The Insolvency, Restructuring and Dissolution Act 2018 – Reforming the law on contractual remedies
On 30 July 2020 Singapore’s new “omnibus” Insolvency, Restructuring and Dissolution Act 2018 (the Insolvency Act) came into effect. This marks the third phase in recent years to strengthen Singapore’s restructuring and insolvency laws.
The Insolvency Act consolidates the laws on insolvency, bankruptcy, restructuring and dissolution into a single enactment and introduces a number of changes to the restructuring and insolvency framework in Singapore including: (i) the introduction of a new licencing and regulatory regime…
Louisiana Lien Waivers and Clear Lien Certificates – What Good are They to Owners?
Louisiana law (the Private Works Act – La. R.S. 9:4801, et seq.) does not require project owners to obtain lien waivers or to obtain a clear lien certificate from the clerk of court, but many construction contracts require lien waivers and a clear lien certificate before the contractor will be entitled to final payment. The basic use of both lien waivers and the clear lien certificate is to as nearly as possible eliminate…
Dickinson Attorneys Named to All Three Best Lawyers® Recognition Lists for 2021
Dickinson, Mackaman, Tyler & Hagen, P.C. is pleased to announce that 24 attorneys of the firm have been named by Best Lawyers® to its 2021 recognition lists for professional legal excellence, including:
21 attorneys with extensive experience were included in The Best Lawyers in America;
Three distinguished attorneys were honored as “Lawyer of the Year” in their respective areas of law in Des Moines, and:
Three rising lawyers were recognized in the inaugural edition of Best Lawyers:…
New Chapter 11 Filing – Chaparral Energy Inc.
On August 16, 2020, Chaparral Energy Inc., an Oklahoma City-based independent oil and natural gas exploration and production company, and several affiliates filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 20-11947). The Company reported total assets of $595.2 million and total liabilities of $522.3 million. On August 15, the company announced it entered into a restructuring support agreement with 78%…
What We’re Reading This Week [August 17, 2020]
New Chapter 11 Filing – RGN-Group Holdings, LLC
On August 17, 2020, RGN-Group Holdings, LLC, a Carrollton, Texas-based share working space business with more than 1,000 locations in the U.S. and Canada, filed for chapter 11 protection in the Bankruptcy Court for the District of Delaware, along with several affiliates. The company reports $1 billion to $10 billion in assets and $500 million to $1 billion in liabilities.
Cole Schotz does not represent the Debtors in this case. We are posting this for…
Arandell Holdings, Inc. Files for Chapter 11 Relief in Delaware
Arandell Holdings, Inc. and its affiliated debtors (“Arandell” or the “Debtors”), a catalog printing services company, recently filed for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware.
According to the Declaration of Bradley J. Hoffman in Support of the Chapter 11 Petitions and First Day Motions, Arandell is a 100 year old commercial printing company, based out of Wisconsin. Among other things, Arandell had recently…