Third-Party Releases and Chapter 15 Implications

The following session took place during the 2025 International European Insolvency Symposium in October 2025. This panel will examine the evolving landscape of third-party releases in insolvency proceedings, with a focus on their implications in chapter 15 cases. This panel of U.S. and international judges and practitioners will discuss parallel proceedings in jurisdictions including the U.S., U.K., Netherlands, Germany, Sweden, Ireland, France and Luxembourg, highlighting the complexities that arise when third-party guarantees and releases intersect with cross-border recognition. The panelists also will address the aftermath of Purdue Pharma, explore the challenges of forum-shopping and enforcement across borders, and provide practical insights on navigating divergent legal frameworks. All sessions from this conference can be accessed at https://cle.abi.org/.

Materials are available here.

Speakers:

Katherine R. Catanese, Moderator
Foley & Lardner LLP | New York, N.Y.
Jessica Liou
Weil, Gotshal & Manges LLP | New York, N.Y.
Sally O'Neill
The Bar of Ireland | Dublin, Ireland
James M. Peck
Singapore International Commercial Court | Singapore
Rachael L. Ringer
HSF Kramer | New York, N.Y.

Conference
2025 International European Insolvency Symposium

Chapter 15 Issues Post-Purdue Pharma

The following session took place during the 2025 Mid-Atlantic Bankruptcy Workshop in August 2025. The Supreme Court’s decision in Purdue Pharma has significant implications for cross-border insolvency practice under chapter 15. This panel will examine how the ruling is reshaping the legal landscape for foreign main proceedings, recognition standards, and especially the use of nonconsensual third-party releases. The panelists also will explore emerging questions around comity, enforcement of foreign judgments, and the limits of U.S. bankruptcy courts’ authority in cross-border cases. All sessions from this conference can be accessed at https://cle.abi.org/.

Materials are available here.

Speakers:

K. Elizabeth Sieg, Moderator
McGuireWoods LLP | Richmond, Va.
Steven W. Golden
Pachulski Stang Ziehl & Jones LLP | Wilmington, Del.
L. Katherine Good Esq.
Potter Anderson & Corroon LLP | Wilmington, Del.
Thomas M. Horan
U.S. Bankruptcy Court | Wilmington, Del.
Matthew P. Ward
Womble Bond Dickinson (US) LLP | Wilmington, Del.
Christopher Burton Wick
Hahn Loeser & Parks LLP | Cleveland, Ohio

Conference
2025 Mid-Atlantic Bankruptcy Workshop

Third-Party Releases in Bankruptcy

The following session took place during the 2024 Caribbean Insolvency Symposium in January 2024. Do bankruptcy courts have jurisdiction to enter nonconsensual releases under any circumstance? This panel will explore this question and more. All sessions from this conference can be accessed at https://cle.abi.org/.

Materials are available here.

Speakers:

Hon. María de los A. González Hernández, Moderator
U.S. Bankruptcy Court (D. P.R.) | San Juan
Daniel Desatnik
Proskauer | New York
Hon. Robert D. Drain (ret.)
Skadden, Arps, Slate, Meagher & Flom LLP | New York
Jessica C. Lauria
White & Case LLP | New York
Andrew M. Troop
Pillsbury Winthrop Shaw Pittman LLP | New York

Conference
2024 Caribbean Insolvency Symposium

Mass Torts Update

The following session took place during Caribbean Insolvency Symposium in February 2022. This panel will discuss recent developments in mass tort bankruptcy cases, including the Purdue Pharma case and the Texas Two-Step (divisive merger), as well as its viability given recent rulings, including in In re DBMP LLC and In re Aldrich Pump, which suggest that divisive mergers may be subject to challenge as fraudulent transfers or under alter-ego, successor-liability and similar doctrines. Developments in third-party releases and legislation aimed at prohibiting third-party releases and limiting forum-shopping will also be discussed. All sessions from this conference can be accessed at https://cle.abi.org/.

Speakers:

Vincent F. Alexander, Moderator
Lewis Brisbois Bisgaard & Smith LLP; Fort Lauderdale, Fla.
Jeffrey K. Garfinkle
Buchalter, P.C.; Irvine, Calif.
Hon. David R. Jones
U.S. Bankruptcy Court (S.D.TX.); Houston
Andrew M. Troop
Pillsbury Winthrop Shaw Pittman LLP; New York

Conference
2022 Caribbean Insolvency Symposium