A recent Bankruptcy Court decision granted recognition to a Mexican concurso mercantile and gave full force and effect to a Mexican concurso plan that contained nonconsensual third-party releases....more
3/17/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Chapter 15 ,
Comity ,
Cross-Border ,
Debtors ,
Harrington v Purdue Pharma L P ,
Insolvency ,
Mexico ,
SCOTUS
The U.S. Supreme Court’s decision in Purdue holds that a chapter 11 plan may not release non-debtors from third-party claims unless an affected claimant consents.
On June 27, 2024, the U.S. Supreme Court issued a...more