Kelly DiBlasi , Esq.
Partner
Kelly DiBlasi is a partner in Weil's Restructuring Department, where she advises debtors, creditors, and equity interest holders across the full spectrum of domestic and international restructurings and crisis management, both in and out of court. Her practice encompasses Chapter 11 and Chapter 15 proceedings, cross-border insolvencies, out-of-court workouts, and distressed situations spanning a broad range of industries and jurisdictions.
Kelly has represented clients in some of the most complex multi-jurisdictional restructurings in recent years, including the U.S. Chapter 15 cases of Casino Guichard-Perrachon, Norwegian Air Shuttle, and Unigel Participações, as well as the global reorganizations of Scandinavian Airlines and CHC Group, among many others. She also regularly represents creditors, financial institutions, and private equity sponsors in distressed situations, bringing a well-rounded perspective to every engagement.
Kelly is recognized among Lawdragon’s 500 Leading Global Bankruptcy & Restructuring Lawyers and is listed in Who’s Who Legal: Restructuring & Insolvency. She is ranked by Chambers & Partners and has received additional recognition from Turnarounds & Workouts, IFLR1000, the American Bankruptcy Institute, and New York Law Journal.
Kelly is an active member of the International Insolvency Institute. She frequently presents at bankruptcy seminars and participates in a variety of firm activities and initiatives focused on training, mentoring, recruiting, and diversity.
Practice Area
Panel
- Contributing Author
Qualifications
- New York State Bar
- Southern District New York
- Eastern District New York
- Eastern District Michigan
- US Court of Appeals 6th Circuit
Education
- BA – Colgate University (2001)
- JD – Fordham University School of Law (2004)
1 Contributions by Kelly DiBlasi
PRACTICE NOTES
US Chapter 15 post‑Purdue: recognition and enforcement of foreign non‑consensual third‑party releases, comity and public policy (ss1507/1506), recent cases and cross‑border implications for UK restructurings
This Practice Note explores the implications of the US Supreme Court’s decision in Harrington v Purdue Pharma LP, 144 S.Ct. 2071 (2024), which struck down the availability of non‑consensual third‑party releases, for the recognition and enforcement of those releases in Chapter 15 proceedings. Although the Purdue ruling still bars such releases in US Chapter 11 matters, numerous foreign insolvency regimes authorise non‑consensual third‑party releases. Before Purdue, US bankruptcy courts in Chapter 15 routinely and consistently recognised and enforced foreign proceedings and plans containing non‑consensual releases (see Practice Note: US Chapter 15 overview). After Purdue, Chapter 15 courts have, in practice, largely continued this approach, where justified under sections 1521 and 1507 of the Bankruptcy Code, applying comity and Chapter 15’s objectives, though some courts have more closely reviewed efforts to broaden relief beyond what the foreign court approved. This Practice Note addresses these key points as follows:
overview of third‑party releases
availability of third‑party releases in Chapter 11 (see Practice Note: US Chapter 11 proceedings)
non‑consensual third‑party releases in Chapter 15
For general background on Chapter 15, see Practice Note: US Chapter 15 overview.
Overview of third-party releases
A third‑party release denotes a specific clause within a restructuring plan or...
Restructuring & Insolvency
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