The Telecommunications Act of 1996 (the “1996 Act”) was designed to facilitate local telephone competition by eliminating state-imposed barriers to competition, and by forcing the incumbent local exchange carriers (generally the incumbent former Bell operating companies such as Verizon, SBC and Qwest) to cooperate and lease their network elements to competitive companies. Thus, the new entrants – the competitive local exchange carriers (the “CLECs”) – were allowed to build their own competing networks and to interconnect that infrastructure with the existing telephone networks of the incumbents.
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Industry Focus
So Your Customer Filed For Bankruptcy Protection: What to Expect Under the New Bankruptcy Act
By Sheppard Mullin on
Posted in Industry Focus
If your customer files its bankruptcy petition after October 17, 2005, you may be entitled to the benefit of some new or changed rules resulting from revisions recently made to the United States Bankruptcy Code. In fact, some of the provisions are significantly more friendly to creditors, so you may find yourself in a much better position than you would have been under the prior version of the Bankruptcy Code.
Continue Reading So Your Customer Filed For Bankruptcy Protection: What to Expect Under the New Bankruptcy Act