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ABI Journal

1507

Nondebtor Releases Are Still Permissible in Chapter 15, Delaware Judge Says

Foreign reorganizations with nondebtor releases are not ‘manifestly contrary’ to public policy after Purdue, according to Delaware’s Bankruptcy Judge Thomas Horan.

For Foreign Liquidators, Chapter 15 Is Better than Using Common Law, Decision Shows

A foreign liquidator, who ran into problems in the Third Circuit using common law, changed course and quickly obtained relief in chapter 15.

Cross-Border Update

Bankruptcy Code

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