Spring Brings Trio of Cases About Retention of Chapter 11 Professionals
Written by Robert J. Keach
Bernstein, Shur, Sawyer & Nelson

A series of recent decisions brings clarity to issues involving retention of chapter 11 professionals. Chapter 11 counsel, financial advisors, investment bankers and accountants, as well as other professionals, should take note of a trio of recent decisions.

First, the recent Fifth Circuit decision in In re Barron, 325 F.2d 690 (5th Cir. 2003). In the case, the Fifth Circuit clarifies §328 of the Code such that bankruptcy judges are less likely to reduce fees under the "improvidence" exception to §328.
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Business Reorganization, International Committees to Present Joint Program at Winter Leadership Conference

The chairs of the Business Reorganization Committee and the International Committee are pleased to announce plans for a joint meeting and joint CLE-panel presentation at the 2003 Winter Leadership Conference, to be held Dec. 4-6, 2003 in La Quinta, Calif. The program will compare and contrast a large, national restructuring under the U.S. Bankruptcy Code with a similar restructuring under a non-U.S. reorganization law. Stay tuned to the e-newsletter for updates and further details on what promises to be an exciting program.