With no notice and little debate, a California congressman slipped an anti-Delaware provision into a federal bankruptcy bill that would threaten the state’s thriving bankruptcy practice by sharply paring away the corporate reorganizations that could be filed here.

The sneak attack has caught the attention of the corporate bar, and while it is mobilizing, it is not panicking — not with Delaware’s influential congressional delegation already riding to the rescue and expected to carry the day before the bill becomes law.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]