Supreme Court Update
Second Circuit Updates with Bill Rochelle
Bill Rochelle’s Top 10 Daily Wires
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.
Court:
Foreign Main Recognition in Chapter 15 Is Easy When No One Objects
Because all affected creditors were unanimous in support, Judge Michael Wiles didn’t agonize over whether the debtor actually had its center of main interests in the U.K.
A Foreign Branch of an FDIC-Insured U.S. Bank Remains Ineligible for Chapter 15
The district court affirmed the holding by Bankruptcy Judge Martin Glenn that a foreign branch of a U.S. bank isn’t eligible for chapter 15.