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Monday, February 04, 2019 7:30:08 PM
Per bankruptcy law, in order for Bioamber Inc. to be able to "satisfy material cure costs" to assume the rights to executory contracts, they must first either:
Have court order mandating Bioamber Inc. assume the rights to executory contracts
---or---
Confirm a plan of reorganization.
In either case, cure costs must be satisfied.
Has there been a motion to Judge Pinsonnault from Bioamber to assume the executory contracts? No.
Therefore there must be a plan of reorganization.
This is not rocket science.
https://www.acc.com/legalresources/quickcounsel/ecib.cfm?makepdf=1
Have court order mandating Bioamber Inc. assume the rights to executory contracts
---or---
Confirm a plan of reorganization.
In either case, cure costs must be satisfied.
Has there been a motion to Judge Pinsonnault from Bioamber to assume the executory contracts? No.
Therefore there must be a plan of reorganization.
This is not rocket science.
https://www.acc.com/legalresources/quickcounsel/ecib.cfm?makepdf=1
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