Nonconsensual nondebtor releases have been a key reason businesses facing mass tort claims have filed for bankruptcy. They hope chapter 11 will result in a faster, less expensive resolution of mass tort claims than class...more
8/30/2023
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Corporate Restructuring ,
Injunctions ,
Insolvency ,
Non-Consensual Rights ,
Non-Debtors ,
Purdue Pharma ,
SCOTUS ,
Trustees
Winds of change blow through UK insolvency law.
The Act borrows restructuring concepts from the United States, aimed at rescuing struggling businesses.
The new measures include a new moratorium to give companies...more