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Expert Analysis

Chapter 11 Ruling Signals Emphasis On Lockup Provisions

By Dania Slim and Andrew Alfano ( August 16, 2024, 3:28 PM EDT) -- In April, U.S. Bankruptcy Judge Martin Glenn for the U.S. Bankruptcy Court for the Southern District of New York severed a provision in certain postpetition agreements with aircraft lessors requiring the aircraft lessors — and creditors — to vote their claims in favor of a not yet filed or negotiated Chapter 11 plan.[1]...

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