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Fifth Circuit Holds that Section 363(m)'s "Good Faith Purchaser" Protection Applies to Secured Creditor that Used "Economic Leverage" in Connection with Credit Bid for Assets | Nelson Mullins Riley & Scarborough LLP - Vimarsana News

Fifth Circuit Holds that Section 363(m)'s "Good Faith Purchaser" Protection Applies to Secured Creditor that Used "Economic Leverage" in Connection with Credit Bid for Assets | Nelson Mullins Riley & Scarborough LLP

On April 17, 2023, the Fifth Circuit Court of Appeals, in Matter of RE Palm Springs II, L.L.C., 2023 WL 2966520 (5th Cir. April 17, 2023), held that a senior lender who uses economic...

Buyer's Bad Faith in Failing to Inform Court of Right of First Refusal Precludes Statutory Mootness of Bankruptcy Sale | Jones Day - Vimarsana News

Buyer's Bad Faith in Failing to Inform Court of Right of First Refusal Precludes Statutory Mootness of Bankruptcy Sale | Jones Day

The finality of asset sales in bankruptcy is an indispensable feature of U.S. bankruptcy law designed to maximize the value of a bankruptcy estate as expeditiously as possible for the...