Compilation of Recent Developments in Bankruptcy Law - January 2023

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1. AUTOMATIC STAY -

1.1 Covered Activities -

1.1.a Court declines to enjoin third party claims against the debtor’s jointly liable parent corporation. The debtor manufactured earplugs for many years. A major multinational corporation acquired it. Two years later, it transferred its earplug manufacturing operation to its parent. Although the parent continued to manufacture and sell the earplugs, 80% of the sales occurred before the transfer...

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