Second Circuit Holds: The Party to a Contract Alone May Assert a ‘Cure Claim’

April 17, 2023

Second Circuit Holds: The Party to a Contract Alone May Assert a ‘Cure Claim’

Someone who is not a party to the contract being assumed 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/George+Wash+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), 21-2050 (2d Cir. April 10, 2023)

Case Name

Case Type

Business

Court

2nd Circuit

Bankruptcy Tags

Executory Contracts/Leases

Business Reorganization