Earlier this year, we covered Judge Shelley Chapman’s ruling in the Sabine bankruptcy, permitting the Debtors to reject a handful of gathering and other midstream agreements. Previously, Judge Chapman permitted rejection on the grounds that the Debtors exercised their reasonable business judgement in doing so.
USA, Insolvency & Restructuring, Litigation, Real Estate, Orrick, Herrington & Sutcliffe LLP, Bankruptcy, Covenant (law)