September 17, 2021 | New York Law Journal
Congress Seeks To Restrict Nondebtor Releases in New Bankruptcy Reform BillWhile some of the concerns regarding nonconsensual third-party releases may be valid, the Nondebtor Release Prohibition Act of 2021 goes too far in limiting what can, in the right circumstances, be a valuable tool in restructurings.
By Thomas R. Califano and Anna Gumport
8 minute read
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