(UK) What are the Key Takeaways for future Restructuring Plans following the GAS sanction hearing?

What can we say about the outcome of the GAS (Great Annual Savings Company Limited) sanction hearing that hasn’t already been reported?

It’s impossible not to comment on the fact that the plan was not sanctioned, and as a consequence of fierce opposition from HMRC that it avoided cram down.  Nor that the court refused to sanction the plan on the basis that the conditions for cram down were not met – the court was not satisfied that HMRC would … Read the rest

Senate committee sets nomination hearing for top food safety official

A committee in the U.S. Senate has finally set a nomination hearing to consider Jose Emilio Esteban for the U.S. Department of Agriculture’s top food safety job.

Nominated on Nov. 12, 2021, by President Joe Biden, Esteban is scheduled to go before the Senate Committee on Agriculture, Nutrition, and Forestry on Sept. 22. The committee has not offered any reason why the nomination hearing has been delayed so long, except for a comment from Sen. Debbie Stabenow, D-MI. At one … Read the rest

Republicans call ethics hearing a double-standard; Democrats call for a standard

Republicans call ethics hearing a double-standard; Democrats call for a standard

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On the same day that Congress approved legislation to improve the justices’ financial disclosure transparency, a House panel was caught up in a political scuffle over legislative proposals for broader Supreme Court reform, including a binding code of ethics.

At the hearing on Wednesday, Democrats on the House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet raised concerns over apparent ethical lapses by the justices and the court’s legitimacy. Chair Hank Johnson, D-Ga., opened by pointing to the … Read the rest