BANKRUPTCY AND INSOLVENCY NEWS AND ANALYSIS – WEEK ENDING SEPTEMBER 24, 2021

Trends and Legislative Developments

Warren, Cornyn introduce bill to block judge-shopping in bankruptcy

Congress Seeks To Restrict Nondebtor Releases in New Bankruptcy Reform Bill

Out-of-Court

Selective Corporate Restructuring Strategy

Executory Contracts

“Work-for-Hire” Film Production Agreement Not Executory Contract in Bankruptcy Due to Lack of Mutual Continuing Material Obligations

Reorganization

Subchapter V Bankruptcy for Middle Market Debtors

Ellis v. Westinghouse Electric Co. LLC: Third Circuit Allows Discharge of Post-Confirmation Administrative Expense Claim

Structured Dismissal of Chapter 11 Cases Did Not Violate Jevic

Shining a Light on Structured Dismissals

Cross-Border

N.Y. District Court Rules that Chapter 15 Recognition Not Required to Enforce Foreign Bankruptcy Injunction

Follow the Yellow Brick Road: The Single Point of Entry and Chapter 15