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Non-Consensual Third-Party Releases Pass Muster in Chapter 15

Principles of comity justify enforcing a U.K. scheme of arrangement that releases non-filed affiliates’ guarantees.

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Opinion Link:

Opinion Link

Judge Name:

Martin Glenn

Case Citation:

In re Avanti Communications Group PLC, 18-10458 (Bankr. S.D.N.Y. April 9, 2018)

Case Name:

In re Avanti Communications Group PLC

Case Type:

Business