By Leah M. Eisenberg, Partner, Mayer Brown LLP
The U.S. Bankruptcy Code provides relief to debtors to maximize value for the benefit of their creditors and other stakeholders. Such relief is extremely limited when debtors are state-legalized marijuana businesses, as they are denied access to Bankruptcy Courts because the manufacture,...
By Natalie E. Levine, November Guest Editor
It is rare that you find a restructuring professional without an opinion (or two) on an insolvency topic, but when we started to plan this month’s issue of the JCR, the reactions were more restrained. Given the continuing struggle between federal and state law, many U.S. practitioners didn’t know what they could say. Reasons varied but some were limited by firm policies on these issues, and others simply thought the law was too unclear to provide useful guidance.
