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Credit Agreements Chapter 11 Bankruptcy Court

Dechert LLP

Are Lockbox Lenders Subject to Implied Duties?

Dechert LLP on

Recently, in In re Moon Group Inc., a bankruptcy court said no, but the district court, which has agreed to review the decision on an interlocutory appeal, seems far less sure. The bankruptcy court held that a lockbox...more

Kramer Levin Naftalis & Frankel LLP

District Court Upholds Damage Limitations for Lender’s Refusal to Fund: Lyondell Revisited

In the August 2017 issue of Debt Dialogue, we discussed the recent decision by Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York with respect to claims brought by the litigation trust (the...more

Morrison & Foerster LLP

‘LightSquared’: Defining the Permissible Boundaries of Plan Injunctions

Morrison & Foerster LLP on

On Oct. 7, 2015, the U.S. District Court for the Southern District of New York vacated a plan injunction that had been approved by the Bankruptcy Court in the Chapter 11 cases of LightSquared and certain of its affiliates...more

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