Article

| July 26, 2010

Disclosure in Fiduciary Representations

Attorneys and other professionals retained by debtors, trustees and officially constituted creditor, bondholder and equity committees, for the purpose of representing those entities in bankruptcy cases, have an ongoing obligation to disclose their relationships with parties in interest involved in the case. This obligation derives from section 327 of the Bankruptcy Code (section 1103(b) of the Bankruptcy Code in the case of committee representations) and Rule 2014 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”).

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This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383