28 Law Firms Publish White Paper Addressing Trust Indenture Act Complications In Debt Restructurings
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- Debevoise and 27 other law firms have published a white paper addressing Trust Indenture Act complications in debt restructurings.
- Recent decisions of the United States District Court for the Southern District of New York suggest a significant departure from the previously widely understood meaning of Section 316(b) of the Trust Indenture Act.
- The white paper presents a set of general principles that can guide lawyers in giving legal opinions in restructurings, in light of uncertainties arising from these cases.