 | Mayer Brown Practices and Partners
Ranked in 2010 Edition of IFLR1000
9 October 2009 – The 2010 edition of IFLR1000, a guide to the world’s leading financial law firms, ranked Mayer Brown in 15 practice categories. Four practices were given top-tier rankings: Hong Kong Restructuring & Insolvency; Thailand Restructuring & Insolvency; United States Capital Markets – Structured Finance & Securitization; and Vietnam Banking & Finance. In addition, 26 partners were ranked as leading lawyers. IFLR1000 rankings are based on extensive independent research, and provides analysis of the best financial law firms operating in more than 100 markets worldwide. Read >>
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 | New York Bankruptcy Court Holds Remote Special Purpose Subsidiaries Eligible as Debtors, Denies Dismissal of SPE Chapter 11 Filings by General Growth Properties
On August 11, 2009, the US Bankruptcy Court for the Southern District of New York denied five motions to dismiss bankruptcy cases filed by certain bankruptcy remote, special purpose subsidiaries (SPEs) of General Growth Properties, Inc. (GGP). The motions were filed by or on behalf of secured lenders to the SPEs (Movants) who argued that the bankruptcy filings were inconsistent with the bankruptcy remote structures that they had negotiated with GGP. Read >>
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| Government proposes changes to English corporate insolvency law
The Government has announced proposals to make significant changes to certain aspects of English corporate insolvency law. The proposals, which are set out in the Consultation document “Encouraging Company Rescue”, are intended to give struggling but viable companies a greater chance of survival. Read >>
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| Chambers USA ranks 124 Mayer Brown lawyers; practices ranked in 55 national and state categories
12 June 2009 - Mayer Brown LLP, a leading global law firm, announced today that 124 of its attorneys are ranked in the 2009 edition of Chambers USA: America’s Leading Lawyers for Business, including 32 who achieved top-band ranking or higher in 26 national and/or state categories. Read >>
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| Restructuring Alternatives for Latin American and Caribbean Companies with US Dollar-Denominated Bond Debt
Lack of liquidity, devalued currencies, historically high interest rates and declining revenues amidst the global credit crisis have made it extremely difficult for companies to service their debt. We review several restructuring alternatives for companies in Latin America and the Caribbean with US Dollar-denominated bond debt. Read >>
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| Sale and Transfer of 100% State-Owned Enterprises
On 10 October 2008, the Government of Vietnam issued Decree No. 109/2008/ND-CP ("Decree 109") on the Sale and Transfer of 100% State-Owned Enterprises ("SOE"). Decree 109 provides a master plan for SOE reform and sets out new regulations on the change of ownership of SOE which may be carried out under two forms: sale of SOE and transfer of SOE. Read >>
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| Regulations on Bankruptcy of Financial Enterprises Established and Operating in Vietnam
On 3 November 2008, the Government of Vietnam issued Decree No. 114/2008/ND-CP ("Decree 114") providing details on implementation of the Law on Bankruptcy applicable to enterprises conducting business in the insurance, securities and other financial sectors. Read >>
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| Thai Cabinet Approves In Principle Tax Incentives For Restructuring and Business Transfers
In an attempt to soften the effect of the global economic crisis, the Thai Cabinet has approved in principle tax incentives for business restructuring and partial business transfers to minimise the emergence of non-performing loans and to encourage business activity. These measures also aim to sway companies to improve their structures and to cut down on unnecessary costs and expenses. Read >>
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