The Long Way Around Purdue: Delaware and New York Courts Rule Nonconsensual Third-Party Releases Permissible Under Chapter 15
By EsqSocial Corporation 30/04/25
The US Bankruptcy Courts for the District of Delaware and the Southern District of New York recently issued decisions that (1) highlight the difference between relief available under chapter 11 and chapter 15 and (2) provide guidance to distressed companies considering reliance on nonconsensual third-party releases, either in a foreign plan or an order of a US bankruptcy court implementing the plan within the US....
By: DLA Piper