In a recent article for Thomson Reuters Westlaw Today, our counsel John McAdams discusses an emerging pathway to obtain nonconsensual third-party releases through Chapter 15, despite the Supreme Court’s Purdue ruling restricting them in Chapter 11.
The piece examines the District of Delaware’s decision in Crédito Real approving such releases under Chapter 15 before looking to Fossil Group’s restructuring as a case study of how this strategy may be used to obtain relief unavailable in Chapter 11, as well as potential limitations.
Read more here.
This article was first published by Thomson Reuters Westlaw Today.
