Delaware Bankruptcy Court Denies Multi-Party Sendoff
The Bankruptcy Strategist
March 11, 2009
The article examined the United States Bankruptcy Court for the District of Delaware's decision in the SemCrude, L.P., et al. bankruptcy cases. It discussed the procedural status and its potential impact on multi-party setoff under § 553 of the Bankruptcy Code. The article also provided recommendations for mitigating the negative implications and risks in cross-netting agreements.