Foley & Lardner LLP

24 August 2009

No Free Ride for Suppliers

The wave of bankruptcies washing over the automotive industry presents new challenges for suppliers working to maintain their commercial relationships with their troubled customers while still attempting to mitigate their financial exposure.

As thousands of suppliers to Chrysler and General Motors recently learned, a Chapter 11 debtor will assert its leverage over suppliers, who must be prepared to withstand such tactics in order to best position themselves for future business.

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