Legal Opinion

Credito Real, S.A.B. de C.V., SOFOM, E.N.R. and Robert Wagstaff

United States Bankruptcy Court, D. Delaware

Decided April 1, 2025No. 25-10208Unknown

1Opinion

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: Chapter 15 Crédito Real, S.A.B. de C.V., SOFOM, Case No. 25-10208 (TMH) E.N.R.,1 Debtor in a foreign proceeding. OPINION In its June 27, 2024 decision in Harrington v. Purdue Pharma, L.P.,2 the Supreme Court held that a chapter 11 plan of reorganization cannot provide for a nonconsensual third-party release of claims against a non-debtor.3 Following that decision, the international insolvency community has debated whether, under chapter 15, a bankruptcy court nonetheless may enter an order enforcing a foreign plan…

2Cases cited38 opinions

  1. United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
  2. Connecticut National Bank v. GermainSupreme Court of the United States · 1992
  3. Hartford Underwriters Insurance v. Union Planters Bank, N. A.Supreme Court of the United States · 2000
  4. Davis v. Michigan Department of the TreasurySupreme Court of the United States · 1989
  5. Hilton v. GuyotSupreme Court of the United States · 1895

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