Allen & Overy LLP eAlert: Bankruptcy Court Applies 'Public Policy' Exception in Chapter 15 to Bar Non-Debtor Releases: ATTORNEY ADVERTISING

On June 13, 2012, the United States Bankruptcy Court for the Northern District of Texas issued a memorandum decision in a chapter 15 case in which it refused to give effect to non-debtor releases under a Mexican plan of reorganization on the basis that such releases were manifestly contrary to the public policy of the United States. https://www.aohub.com/aoos/viewContent.action?key=Ec8teaJ9VarbAIvLu1NOd17eOOGbnAEFKCLORG72fHz0%2BNbpi2jDfaB8lgiEyY1JAvAvaah9lF3d%0D%0AzoxprWhI6w%3D%3D&nav=FRbANEucS95NMLRN47z%2BeeOgEFCt8EGQTBTrTXtG0BY%3D&uid=YZDfsUx1Czg%3D&popup=HxapDW%2FMKd4%3D&freeviewlink=true&emailtofriendview=true