| ABI

May 28, 2025

Opting Out Is Consent for Nondebtor Chapter 11 Releases, New York Judge Says

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

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Opinion Link

View Opinion

https://abi-opinions.s3.us-east-1.amazonaws.com/Gol+Optout+bcy+ct.pdf

Case Details

Case Citation

In re GOL Linhas Aéreas Inteligentes SA, 24-10118 (Bankr. S.D.N.Y. May 22, 2025)

Case Name

In re GOL Linhas Aéreas Inteligentes SA

Case Type

Business

Court

2nd Circuit

New York

New York Southern District

Bankruptcy Tags

Plan Confirmation

Airlines

Business Reorganization

International Insolvency

Comments

Submitted by David Kuney on May 28, 2025

Bill: Thanks for your excellent post. I agree with Prof. Brubaker. This looks like a case that may well grow in importance, depending on its appeal process.