June 11, 2025
U.S. subsidiaries of a Canadian parent were under the control of a Canadian receiver, switching COMI from the U.S. to Canada.
May 28, 2025
Another bankruptcy court in New York holds that the ability to opt out of nondebtor releases represents consent after Purdue.
May 23, 2025
Bankruptcy courts in New York and Delaware believe that Purdue did not change the law and that nondebtor releases and exculpations are still permissible in chapter 15 cases.
August 14, 2024
Defensive setoff rights are not discharged by chapter 11 confirmation, even when no proof of claim was filed.
April 25, 2024
New York’s Judge Martin Glenn disapproved a lockup agreement masquerading as a plan-support agreement that required the creditor to vote for any plan the debtor might propose.
April 22, 2024
A lawyer was found to have committed fraud on the court for filing schedules claiming ownership of property that another court had found not to be the debtor’s property.
March 01, 2024
A foreign branch of a U.S. bank isn’t a foreign bank eligible for chapter 15.
January 10, 2023
Applying ordinary contract law, New York judge rules that customers are bound by contracts they haven’t read.
January 03, 2023
A court filing by a claims trader was stricken from the docket because it contained judges’ direct email addresses.
November 10, 2022
One month apart, two judges in New York differed on the extent to which they permitted redactions of information about creditors, their identities and addresses.