Beyond Purdue: Crédito Real and Odebrecht Reaffirm US Bankruptcy Courts’ Power to Enforce Nonconsensual Third-Party Releases in Chapter 15 Cases
Olya Antle, Cooley business restructuring attorney, wrote an article for the INSOL I-Read newsletter exploring the implications of the US Supreme Court’s decision in the Purdue Pharma case. Antle examines whether Chapter 15 cross-border insolvency recognition could offer a workaround for nonconsensual third-party releases that are no longer permitted under Chapter 11 of the US Bankruptcy Code.
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