Trust the Leaders

Issue 12 / Summer 2005

• The Great Immigration Debate: Immigration in Your Backyard What if Arnold Schwarzenegger, the “governator” of California, were able to run for president of the United States? What if being born in the U.S.A. did not guarantee you U.S. citizenship? What if hiring an undocumented worker suddenly became punishable by a $50,000 fine and up to five years imprisonment? This is just a sampling of recently introduced immigration-related legislation that could affect us all.
• THE AVIANCA MIRACLE On March 21, 2003, Avianca Airlines filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code in bankruptcy court in New York City. Avianca emerged from Chapter 11 on December 10, 2004, as a reorganized company, adequately capitalized and with a cost structure that the Company projected could be sustained well into the future. Thus began and ended the story of one of the most remarkable bankruptcy cases in United States history.
• What can be Copyrighted? Almost anything can constitute copyrightable subject matter provided it is fixed in a tangible medium, which means you can see it, hear it, and/or touch it.
• Asset Dispositions in a Bankruptcy Case PART TWO: The End Game: Maximizing Value For All Constituencies In the first installment of this article (Trust the Leaders, Fall 2004, page 24), we presented an overview of the basic landscape of asset dispositions in a bankruptcy case, leaving for a subsequent article the “end game” of maximizing the value of the acquired assets for all constituencies.