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Guidance on the Enforceability of Lockup Provisions

A recent decision from Chief Judge Glenn of the Southern District of New York Bankruptcy Court provides clarity to creditors and debtors alike in cases where the parties' settlement negotiations include an agreement requiring a creditor to support the debtor's Chapter 11 plan.

11 minute readJune 01, 2024 at 12:11 AM
By
Paul A. Rubin
Hanh V. Huynh
Guidance on the Enforceability of Lockup Provisions

A recent decision from Chief Judge Glenn of the Southern District of New York Bankruptcy Court provides clarity to creditors and debtors alike in cases where the parties' settlement negotiations include an agreement requiring a creditor to support the debtor's Chapter 11 plan.

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