IMO Car Wash — Valuation in the Context of a UK Scheme of Arrangement

In the case In Re Bluebrook Limited and other companies (IMO) [2009] EWHC 2114, the UK High Court considered the basis on which to value the business of a company in the context of a scheme of arrangement under the UK Companies Act 2006. The court�s approach was to focus on the price that a […]

The Estate as the Buyer’s Partner in §363 Sales

Recently, a bankruptcy judge with a long tenure on the bench told a group gathered at an insolvency conference that the bench�s role in overseeing modern commercial bankruptcy cases amounts to running a laundry service, as most cases involve little more than putting the debtor in the bankruptcy washing machine to cleanse its valuable assets […]