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New Environmental Due Diligence Requirements To Qualify For Purchase Liability Protections
In November 2013, ASTM International (“ASTM”) published “E1527-13 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process,” (“E1527-13”) revising the process for evaluating whether a prospective purchaser of real...
Read MoreSecurities & Exchange Commission (SEC)
SEC Provides Guidance On “Bad Actor” Disqualifications In Rule 506 Regulation D Offerings
On December 4, 2013, the staff of the Securities and Exchange Commission (the “SEC”) Division of Corporation Finance published additional guidance (the “Guidance”) on certain key issues with respect to the new “bad actor” provisions recently added to Regulation...
Read MoreBankruptcy & Restructuring
Third Circuit Holds That Claims Are Disallowable Under Section 502(d) Of The Bankruptcy Code No Matter Who Holds Them
In a recent opinion, the United States Court of Appeals for the Third Circuit (the “Third Circuit”) held that a trade claim that is subject to disallowance under section 502(d) of title 11 of the United States Code (the “Bankruptcy Code”) is similarly disallowable in the...
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