News & Analysis
When the Lender Is the Shareholder: A San Diego Court Builds a Section 364(c) Framework and Picks California's Fairness Standard Over Delaware's →
Finding little Ninth Circuit authority on point, the court adopted a four-factor test, held that heightened scrutiny displaces the business judgment factor for insider financing, and looked to the debtor's...
A Blocked Vendor Code: Noble Supply Asks Delaware to Compel the Defense Logistics Agency, and the Government Answers With Setoff →
Eleven days after filing, a defense logistics supplier found its payment code blocked by its largest customer. The resulting fight produced two competing proposed orders and no agreement on what...
Latvia's Flag Carrier Files in New York: A Fuel Shock, €503.3 Million of Funded Debt, and a Fleet to Shrink →
Air Baltic Corporation AS entered chapter 11 on September 14, 2026 with an operating fleet it does not own, a state shareholder holding roughly 88 percent, and a business plan...