What the Pros Say (01/22/17)

• Fiduciary Duties. Sharon Levine and Aaron Applebaum of Saul Ewing LLP discuss a recent WD of Texas decision affecting the rights of creditors to attack equityholders/sponsors.
• TIA/Marblegate. Davis Polk & Wardwell LLP provides a client alert on this past week's Second Circuit decision.  TL;DR version: it appears that out-of-court restructurings post-Caesars now have clearer runway. Also commentary from: Paul Weiss, Robins Kaplan LLP, Squire Patton Boggs, Weil, White & Case LLP, Shearman & Sterling LLP, Seyfarth Shaw, the bloggers at Credit Slips, and the ABI's Bill Rochelle.
• UK Bankruptcy. An assessment.