Goodbye to Chapter 11: The end of business bankruptcy as we know it

Paper considering the business reorganisation introduced under Chapter 11 of the United States Bankruptcy Code. The author examines the intended purpose of Chapter 11 and asserts that this chapter was once used to preserve the interests of equity owners, while now it is used to preserve the value of assets. Article by John D. Ayer (Professor of Law, University of California at Davis; Fellow, American College of Bankruptcy). Published in Amicus Curiae - Journal of the Institute of Advanced Legal Studies and its Society for Advanced Legal Studies. The Journal is produced by the Society for Advanced Legal Studies at the Institute of Advanced Legal Studies, University of London

Rethinking Absolute Priority After \u3cem\u3eAhlers\u3c/em\u3e

There was no evident reason why the Supreme Court granted certiorari in Norwest Bank Worthington v. Ahlers. It can be conceded that the issue was important: in the midst of an agricultural depression, a farmer was trying to hang onto his farm without paying the full amount of his bank debt. The farmer argued that he ought to be able to do so because he was offering to contribute new value beyond what he was obliged to contribute - specifically, his efforts as a farmer. For Ahlers is a case with a past, as well as a future. Thus, in Part II, I sketch the history of the absolute priority doctrine. I undertake to show also how the Supreme Court had available two very different paths to its result - one constitutional, one statutory. And I offer a few thoughts on the relationship between the two. In Part III, I address myself directly to the new value rule. I try to show that it is a rule whose parentage is at best questionable. I also try to give an account of what a new value rule might look like. In that context, I suggest that Justice White may have invalidated any new value rule that did exist, and indeed, that there may never have been any adequate basis for such a principle

Aliens are Coming! Drain the Pool

A Review of Doing What Comes Naturally: Change, Rhetoric and the Practice of Theory in Literary and Legal Studies by Stanley Fish. And Law and Literature: A Misunderstood Relation by Richard A. Posne

Goodbye to Chapter 11: The end of business bankruptcy as we know it

Paper considering the business reorganisation introduced under Chapter 11 of the United States Bankruptcy Code. The author examines the intended purpose of Chapter 11 and asserts that this chapter was once used to preserve the interests of equity owners, while now it is used to preserve the value of assets. Article by John D. Ayer (Professor of Law, University of California at Davis; Fellow, American College of Bankruptcy). Published in Amicus Curiae - Journal of the Institute of Advanced Legal Studies and its Society for Advanced Legal Studies. The Journal is produced by the Society for Advanced Legal Studies at the Institute of Advanced Legal Studies, University of London

The Last Butskellite

A Review of Acts of Hope: Creating Authority in Literature, Law, and Politics by James B. Whit

The Very Idea of Law and Literature

A Review of The Failure of the Word: The Protagonist as Lawyer in Modern Fiction by Richard Weisber

Pan-cancer Alterations of the MYC Oncogene and Its Proximal Network across the Cancer Genome Atlas

Although theMYConcogene has been implicated incancer, a systematic assessment of alterations ofMYC, related transcription factors, and co-regulatoryproteins, forming the proximal MYC network (PMN),across human cancers is lacking. Using computa-tional approaches, we define genomic and proteo-mic features associated with MYC and the PMNacross the 33 cancers of The Cancer Genome Atlas.Pan-cancer, 28% of all samples had at least one ofthe MYC paralogs amplified. In contrast, the MYCantagonists MGA and MNT were the most frequentlymutated or deleted members, proposing a roleas tumor suppressors.MYCalterations were mutu-ally exclusive withPIK3CA,PTEN,APC,orBRAFalterations, suggesting that MYC is a distinct onco-genic driver. Expression analysis revealed MYC-associated pathways in tumor subtypes, such asimmune response and growth factor signaling; chro-matin, translation, and DNA replication/repair wereconserved pan-cancer. This analysis reveals insightsinto MYC biology and is a reference for biomarkersand therapeutics for cancers with alterations ofMYC or the PMN