Delaware Judge Nixes the Notion of Implied Assumption of Executory Contracts | ABI

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February 28, 2018

Delaware Judge Nixes the Notion of Implied Assumption of Executory Contracts

An asset purchaser cannot escape liability for appropriating the benefits of a contract that was not assumed and assigned.

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Opinion Link

View Opinion

http://www.deb.uscourts.gov/sites/default/files/opinions/judge-kevin-gross/thane-sjpl-opinion-and-order.pdf

Case Details

Judge Name

Case Citation

Stanley Jacobs Production Ltd. v. 9472541 Canada Inc. (In re Thane International Inc.), 17-50476 (Bankr. D. Del. Feb. 21, 2018)

Case Name

(In re Thane International Inc.

Case Type

Court

Bankruptcy Tags

Executory Contracts/Leases

Practice and Procedure

Business Reorganization