Dodd-Frank's Orderly Liquidation Authority

Law360, New York (January 25, 2011, 1:45 PM EST) -- Title II of the Dodd-Frank Act establishes a receivership process by which the Federal Deposit Insurance Commission can engage in an orderly liquidation process to wind down the affairs of and liquidate the assets of certain failing financial companies that pose a significant risk to the financial stability of the United States.

Based upon hundreds of years of equity jurisprudence and subsequent political decisions and statutory interpretation by the courts, application of a particular system of insolvency law is a function of the type of entity...
To view the full article, register now.