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Analysis

SVB Receivership Has A Big Advantage Over Ch. 11 — Speed

By Vince Sullivan ( March 14, 2023, 8:34 PM EDT) -- The failure of Silicon Valley Bank last week has led to a receivership, with the Federal Deposit Insurance Corporation taking over the bank's operations in a proceeding that closely resembles a bankruptcy case with some key differences. A receiver gets absolute and immediate control over the bank's assets with lightning quick authority to act, experts told Law360....

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