Rochelle's Daily Wire

U.S. subsidiaries of a Canadian parent were under the control of a Canadian receiver, switching COMI from the U.S. to Canada.

Circuit Judge Edith Jones explains that the word ‘or’ in Section 550(a) doesn’t mean ‘and.’

When creditors have been paid in full, a trustee may pursue fraudulent transfers for the benefit of defrauded equity holders, Bankruptcy Judge Craig Goldblatt says.

Granfinanciera tells us to study English law from the 18th century in deciding when there’s a right to a jury trial in bankruptcy cases.

Another bankruptcy court in New York holds that the ability to opt out of nondebtor releases represents consent after Purdue.

Consent from administrative creditors provided grounds for approving DIP financing and a sale when the estate was administratively insolvent.

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.

Judge Meredith Grabill of New Orleans agreed with New York’s Judge Mastando that a Subchapter V plan can enjoin lawsuits against nondebtors for the life of a three-year plan.

The circuit courts are diverging on the utility of equitable mootness to avoid reversing confirmation of chapter 11 plans.

Holding $1.4 billion in escrow did not preclude invocation of equitable mootness, Third Circuit majority says.