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Expert Analysis

Asarco Ruling Continues To Rankle Bankruptcy Practitioners

Law360, New York ( February 10, 2016, 5:05 PM EST) -- The U.S. Supreme Court's decision last term in Baker Botts v. Asarco, in which the court ruled that professionals that are paid from a debtor's bankruptcy estate cannot be compensated for time spent defending their fee applications, continues to rankle bankruptcy practitioners. Moreover, a recent decision in a Delaware bankruptcy case shows that the impact of Asarco will not be easily circumvented....

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