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Court rejects debtor’s attempt to reject part of an integrated contract

All bankruptcy practitioners know that a debtor may choose which contracts to assume and which contracts to reject.  But may a debtor reject contracts that are part of an overall, integrated transaction?  In a recent bankruptcy decision, the court found the answer to be no, at least if the parties are careful in drafting their contracts.

USA, Insolvency & Restructuring, Litigation, Squire Patton Boggs
Secured lenders take note: supreme court releases <i>indalex</i> decision

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Supreme Court decision
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Canada, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Heenan Blaikie LLP, Debtor, Fiduciary, Beneficiary, Defined benefit pension plan, Supreme Court of Canada
Pension plan members lose out in Supreme Court Indalex ruling

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Supreme Court decision
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Canada, Employment & Labor, Insolvency & Restructuring, Litigation, Heenan Blaikie LLP, Conflict of interest, Debtor, Fiduciary, Defined benefit pension plan, Supreme Court of Canada
Supreme Court balances insolvency and environmental protection regimes

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Dissenting decisions
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Canada, Environment & Climate Change, Insolvency & Restructuring, Litigation, Heenan Blaikie LLP, Environmental remediation, Supreme Court of Canada