Wed.Jul 07, 2021

Remove 2019 11
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Executory Contracts: Third Circuit Does Not Recognize the Doctrine of Implied Assumption

PBWT

In October 2019, Dura and several of its affiliates filed for chapter 11. June 16, 2021), provides a cautionary reminder that the Third Circuit does not recognize the doctrine of implied assumption (i.e., assumptions implied through a course of conduct as opposed to those that are assumed pursuant to a motion and court order).