United States: Insolvency/Bankruptcy/Re-Structuring

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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
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Squire Patton Boggs LLP
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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
See more

Insolvency/Bankruptcy

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
See more

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