Trend Watch: Third Party Releases in US Chapter 15 Proceedings

Jesse Mighton and Shawn Kirkman of Bennett Jones look at recent cross-border cases where US Bankruptcy Courts have issued orders recognizing and enforcing foreign third-party releases notwithstanding the decision in Purdue against such releases, demonstrating that Canadian cross-border restructuring proceedings can enhance optionality for such issues and promote successful restructuring outcomes.

Read more.