The U.S. Supreme Court ruled on Thursday that because Indian tribes are indisputably governments, the Bankruptcy Code unmistakably abrogates their sovereign immunity to bankruptcy court proceedings....more
6/19/2023
/ Appeals ,
Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
FACTA ,
Financial Services Industry ,
Lac du Flambeau Band of Lake Superior Chippewa Indians v Coughlin ,
Native American Issues ,
SCOTUS ,
Sovereign Immunity ,
Tribal Corporations ,
Tribal Loans
The National Indian Gaming Commission (“NIGC”) issued guidance this week for tribes and tribal lenders who submit loan documents to the NIGC for a so-called “declination letter.” Bulletin No. 2021-4, “Submission of Loan...more
On July 15, 2020, the Federal Reserve Bank of Boston issued new guidance expressly permitting tribal businesses that are borrowers under the Main Street Lending Program (“MSLP”) to pay dividends to their tribal government...more
7/16/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Federal Register ,
Federal Reserve ,
Interim Rule ,
Local Ordinance ,
Main Street Lending Programs ,
New Guidance ,
Secretary of the Treasury ,
Tribal Governments ,
Tribal Loans