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Many recent court rulings concerning the treatment of secured creditors under a chapter 11 plan have focused on "cram-up" plans involving reinstatement of secured loans to avoid impairment ...
Saf Malik The MVNO also appoints three new board directors Growth capital investor BGF has announced it has taken a 25 per cent stake in MVNO Jola Cloud Solutions Ltd for £10.25m. The MVNO is a global eSIM specialist and aims to provide IoT and mobile data solutions to managed service providers, internet providers, IT support companies, and telecom resellers. BGF’s investment will support the continued growth of the channel partner base and the introduction of new products and capabilities to existing and new channel partners. Jola co-founder and CEO Andrew Dickinson said: “BGF has a fan...
To embed, copy and paste the code into your website or blog: In the latest chapter of more than a decade of contentious litigation surrounding the 2007 leveraged buyout ("LBO") and ensuing bankruptcy of media conglomerate Tribune Co. ("Tribune"), the U.S. Court of Appeals for the Third Circuit affirmed lower court rulings that Tribune's 2012 chapter 11 plan did not unfairly discriminate against senior noteholders who contended that their distributions were reduced because the plan improperly failed to strictly enforce pre-bankruptcy subordination agreements. In In re Tribune Co., 972 F.3d 22...