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Non-Debtors Breach of Contract Chapter 11

Jones Day

Delaware Court Holds Rejection Eliminates Non-Debtor's Exclusive Right to Provide Services to the Debtor

Jones Day on

Nine Point Energy Holdings, Inc. and its affiliates (collectively, "Nine Point" or "Nine Point debtors") constituted an oil and gas production and exploration company that sought to reorganize in chapter 11 through a going...more

Proskauer Rose LLP

Nine Point Ruling Limits High Court Bankruptcy Contract Rule

Proskauer Rose LLP on

In its 2019 decision in Mission Product Holdings Inc. v. Tempnology LLC, theĀ U.S. Supreme CourtĀ resolved a circuit split concerning the effect of contract rejection under Section 365 of the Bankruptcy Code. More specifically,...more

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