On June 27, 2018, Judge Kevin Carey of the United States Bankruptcy Court for the District of Delaware ruled that a dismissal order in a bankruptcy case could provide for exculpation of the estate fiduciaries and their respective professionals. The ruling is a welcome result for all estate fiduciaries whose tireless efforts during a complex bankruptcy case fail to culminate in an approved plan of reorganization. Morrison & Foerster LLP represents the debtors in the matter.
Background
USA, Delaware, Insolvency & Restructuring, Litigation, Morrison & Foerster LLP, US District Court for District of Delaware
The Supreme Court’s recent decision in Merit Management Group, LP v.
The effect of Hanjin's Korean rehabilitation proceedings in France has been rather limited.