Business Reorganization

What happens to a licensee’s right to use a trademark if the licensor files for bankruptcy?

Please Release Me? Colorado Bankruptcy Court Answers "Perhaps" in Midway Gold Case

The permanent release of a nondebtor from a debt owed to a third party in a chapter 11 plan is barred per se in some courts and must meet a high standard to be allowed in others. The U.S. Bankruptcy Court for the District of Colorado in In re Midway Gold US Inc. addressed this issue in connection with confirmation of the joint chapter 11 plan of 14 debtor entities in the gold mining and exploration business.[1]