Bankruptcy

 
If you want to get up to speed on corportate bankruptcy-related issues, check out Basic Bankruptcy Issues: A Primer for In-House Counsel, which was written by Carmen Lonstein, Esq. of Baker & McKenize.   This primer is intended to provide guidance on basic business bankruptcy issues to in-house counsel with a limited background in bankruptcy matters and is [...]

Financial actors such as hedge funds increasingly influence large Chapter 11 cases, such as Chrysler’s and GM’s.
With Chrysler LLC’s sale to Fiat SpA past the U.S. Supreme Court, and with General Motors Corp. commencing its own “surgical” bankruptcy on the Chrysler model, it may be tempting to think that we’ve turned a corner: Tentative deals [...]

 
Like their U.S. counterparts, insolvency and restructuring lawyers at Canada’s largest firms have been working around the clock since the winter to keep up with the avalanche of major bankruptcy filings to hit Canadian courts. At least a dozen large Canadian bankruptcies have been filed so far this year under the Companies’ Creditors Arrangement Act [...]

Working in Europe

We have received a large number of questions about foreign language jobs in Europe, as well as other types of legal work in Europe, so we thought we’d start by providing some information about upcoming lawyer-linguist exams.
The following will not be appropriate to many of you because these positions require you be a citizen of an EU member state.  [...]

The following summarizes the replies we’ve made to various Posse members who have requested information on working in Europe.  If you have more questions not answered here, feel free to mail us: manager@theposselist.com.  We have two staff members who live in Europe and they handle these questions.  Our affiliate company in Brussels staffs projects in [...]

The financial crisis: background, TARP jobs

Paul Weiss has published a reference guide to the principal regulatory programs and initiatives that have been announced to date. The guide summarizes the U.S. Treasury programs implemented under the Emergency Economic Stabilization Act of 2008, the administration’s Financial Stability Plan and other key programs implemented by the Federal Reserve and the Federal Deposit Insurance Corporation. [...]

As we reported last November (click here), Simpson Thatcher was selected by the Treasury Department to advise the government on the $700 billion bailout plan.  It’s fee was capped at $300,000.
Now the Legal Times Blog reports Simpson Thatcher (along with Venable) has received major, additional TARP contracts to manage bank transactions associated with the TARP.   Full story, click [...]

Yesterday we posted a report provided us by our friends in Treasury about a large space on 18th and L Street.  If you missed our story (short but the pic is cool) you can click here.
We are highly reluctant to pass on info until we get some sort of confirmation.  That’s why we held back [...]

Contract Attorney Primers

Many Posse List members who want to go solo or freelance have asked us about bankruptcy practice.  There are a good many of you who have worked on some of the major bankruptcy document reviews in the past few years (Federal-Mogul, United Airlines, Calpine, Enron, tec.) and will be well-prepared for the bankruptcy document reviews [...]

When Twitter gets a full-page analysis in the Financial Times, well … we guess Twitter has truly ”arrived”.   As the Financial Times says, there is more to this new internet fashion than meets the eye:  “For in its deceptively simple way, Twitter has stumbled on a formula that a whole generation of recent web start-ups has been [...]

There is one — and only one — nationwide employer that will continue to annually fill hundreds of thousands of high-paying, secure, dynamic jobs no matter how bad the economy may get.  Who is this employer? The federal government, which will annually hire more than 200,000 new employees throughout the U.S. — including tens
of thousands [...]