Worldwide: Financial Restructuring

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Insolvency law and bankruptcy law articles, thought leadership, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics surrounding financial restructuring, insolvency and bankruptcy.
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
Podcast
TMA Chicago/Midwest Podcast Hosted By Paul Musser | Harold Israel And Jack O'Connor On Weighing Bankruptcy And Alternative Solutions For Distressed Situations (Podcast)
Two restructuring partners from Levenfeld Pearlstein discuss the critical decision-making process for distressed middle-market companies facing financial challenges. The conversation explores when bankruptcy filing makes strategic sense versus pursuing alternative restructuring paths, examining factors like timing, cost, and desired outcomes. Their insights draw from decades of experience helping companies navigate financial distress through various legal mechanisms.
United States Insolvency
KM
Katten Muchin Rosenman LLP
Article
Purdue Doesn’t Stop Chapter 15 Recognition And Enforcement Of Third-Party Releases
A Delaware District Court has affirmed that Chapter 15 of the Bankruptcy Code permits U.S. recognition and enforcement of third-party releases approved in foreign insolvency proceedings, distinguishing this framework from the Supreme Court's Purdue decision that limited such releases in domestic Chapter 11 cases. The ruling in the Crédito Real case establishes that international comity principles and Chapter 15's distinct purpose of facilitating cross-border restructurings allow courts to honor foreign
United States Insolvency
SP
Squire Patton Boggs LLP
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