District Judge Rakoff Explains Why the Debtor Alone May Assert a Cure Claim

August 12, 2021

District Judge Rakoff Explains Why the Debtor Alone May Assert a Cure Claim

A creditor can’t assert a cure claim, even though Section 365(b) doesn’t give the counterparty the sole right to demand a cure on assumption of an executory contract.

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Opinion Link

View Opinion

https://abi-opinions.s3.amazonaws.com/GW+Bridge.pdf

Case Details

Case Citation

Tutor Perini Building Corp. v. New York City Regional Center George Washington Bridge Bus Station & Infrastructure Development Fund LLC (In re George Washington Bridge Bus Station Development Venture LLC), 20-7422 (S.D.N.Y. Aug. 4, 2021).

Case Name

In re George Washington Bridge Bus Station Development Venture LLC

Case Type

Business

Court

2nd Circuit

New York

New York Southern District

Bankruptcy Tags

Executory Contracts/Leases

Business Reorganization