Courts have repeatedly stated that equitable subordination is a compensatory remedy. This view is demonstrably mistaken; if equitable subordination is compensatory, only injured creditors, and not trustees or debtors in possession, would have Constitutional standing to bring equitable...

This is the Twentieth Annual Survey of American Choice-of-Law Cases. It covers cases decided by American state or federal courts from January 1 to December 31, 2006, and reported during the same period. Of the 2,598 conflicts cases that met both of these parameters, the Survey focuses on the...

Implied terms of good faith in relation to express contractual rights and discretions have been the focus of recent litigation in England and Australia. These rights and discretions appear in commercial contracts, where consumer legislation is not relevant and the only possible fetter on the...

Using Arkansas insurance law with an outlined suggested by Spencer Kimball's classic insurance law text, this article provides a basic primer in insurance contract law. It summarizes high points in several law review articles published on a range of basic insurance law topics. The annotation...