Washington Bankruptcy Court Approves Chapter 11 Plan Exculpation and Release Provisions
By EsqSocial Corporation 24/03/21
There is longstanding controversy concerning the validity of release and exculpation provisions in non-asbestos trust chapter 11 plans that limit the potential exposure of various parties involved in the process of negotiating, implementing and funding the plan. The U.S. Bankruptcy Court for the Eastern District of Washington recently contributed to the extensive body of case law addressing these issues in In re Astria Health, 623 B.R. 793 (Bankr. E.D. Wash. 2021). The court ruled that the...
By: Jones Day