Delaware Bankruptcy Court decision in SemCrude prohibits triangular setoff in absence of safe harbor

Date

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Location
USA
Authors
Leslie W. Chervokas
Mark C. Ellenberg
Firm
Cadwalader Wickersham & Taft LLP
Tags
USA
Delaware
Insolvency & Restructuring
Litigation
Cadwalader Wickersham & Taft LLP
Debtor
Safe harbor (law)
Debt
Limited partnership
Precondition
Subsidiary
Title 11 of the US Code
Chevron Corporation
United States bankruptcy court
US District Court for District of Delaware