North America: Insolvency/Bankruptcy/Re-Structuring

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Article
Southern District Of Texas Clarifies Post-Purdue Course For Consensual Third-Party Releases And Gatekeeping Provisions
The Southern District of Texas addresses critical questions left open by the Supreme Court's Purdue decision regarding consensual third-party releases in bankruptcy plans. The court establishes when opt-out mechanisms suffice for creditor consent and clarifies the permissible scope of gatekeeping provisions that restrict litigation against non-debtor parties in Chapter 11 reorganizations.
United States Insolvency
JD
Jones Day
Article
Delaware District Court Affirms Enforcement Of Nonconsensual Releases Under Chapter 15
This case is the latest in a series of cases — and potentially the first decision by a district court after the Supreme Court’s decision in Harrington v. Purdue Pharma L.P., 603 U.S. 204 (2024) (Purdue) — holding that nonconsensual releases approved in foreign restructuring proceedings can be enforced in the United States under Chapter 15.
United States Insolvency
KL
Herbert Smith Freehills Kramer LLP
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Article
Southern District Of Texas Clarifies Post-Purdue Course For Consensual Third-Party Releases And Gatekeeping Provisions
The Southern District of Texas addresses critical questions left open by the Supreme Court's Purdue decision regarding consensual third-party releases in bankruptcy plans. The court establishes when opt-out mechanisms suffice for creditor consent and clarifies the permissible scope of gatekeeping provisions that restrict litigation against non-debtor parties in Chapter 11 reorganizations.
United States Insolvency
JD
Jones Day
See more
Article
Southern District Of Texas Clarifies Post-Purdue Course For Consensual Third-Party Releases And Gatekeeping Provisions
The Southern District of Texas addresses critical questions left open by the Supreme Court's Purdue decision regarding consensual third-party releases in bankruptcy plans. The court establishes when opt-out mechanisms suffice for creditor consent and clarifies the permissible scope of gatekeeping provisions that restrict litigation against non-debtor parties in Chapter 11 reorganizations.
United States Insolvency
JD
Jones Day
See more