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Termination Statements

White & Case LLP

Presidential Decree orders immediate termination of public trusts

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By means of a Decree, published in the Federal Gazette on April 2, 2020, the Mexican President orders the immediate termination of all federal public trusts, public mandates or analogous figures....more

Patterson Belknap Webb & Tyler LLP

A Gigantic Filing Error Provides an Opportunity to Expound the Earmarking Doctrine

Can another vain attempt to mitigate a $1.5 billion mistake provide the occasion for a thorough review of the doctrine of earmarking? It did for Southern District Bankruptcy Judge Martin Glenn in the long tail on the General...more

Hogan Lovells

Employment Newsletter - February 2019

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Gender pay gap rule: reinforcement of obligations - In order to try to reduce the gender pay gap, the Law passed on 5 September 2018 imposes an obligation on companies who have more than 50 employees to assess a gender...more

Hogan Lovells

New Procedure for Employee’s Termination Agreements before Mexico City’s Local Labor Board

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On January 7, 2019, Mexico City’s Local Labor Board published in its Labor Bulletin the new procedure for the ratification of Employee´s Termination Agreements before such authority. Such procedure came into effect on January...more

Orrick, Herrington & Sutcliffe LLP

When Employees Leave With Your Secrets

Recently I shared the podium with an FBI agent who was asked what frustrated him the most when trying to help businesses with trade secret theft. His answer was a surprise: they fire the guy too fast! He explained that when...more

Parker Poe Adams & Bernstein LLP

A Cautionary Tale – The Need for Bank Oversight on Collateral Releases

Beware!! The story brought to us today courtesy of the Second Circuit Court of Appeals (In re: Motor Liquidation Co., 13-2187) is one that should strike fear into the hearts of all bankers and lawyers. It is a cautionary tale...more

King & Spalding

Delaware Supreme Court: A Mistakenly Authorized UCC Termination Statement is Effective to Terminate Original UCC Filing

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On October 17, 2014, the Delaware Supreme Court entered an opinion holding that a UCC-3 termination statement that is authorized by the secured party is effective to terminate the original UCC filing even though the secured...more

Bond Schoeneck & King PLLC

UCC-3 Termination Statements: Can They be Trusted?

The holdings of two recent decisions from the Bankruptcy Courts of the Western District of Pennsylvania and the Southern District of New York, handed down within three days of each other in March, both affect the amount of...more

Orrick, Herrington & Sutcliffe LLP

General Motors Bankruptcy Court Applies the Brakes to Unauthorized Termination Statements

Last week, the United States Bankruptcy Court for the Southern District of New York held that a UCC-3 termination statement is effective to terminate a financing statement under the Uniform Commercial Code only if the filing...more

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