Second Circuit Court of Appeals Reverses Marblegate Decision and Limits the Rights of Holdouts to Use TIA Section 316(b) to Thwart Out-of-Court Restructurings

On January 17, 2016, the United States Court of Appeals for the Second Circuit resolved a major issue that had affected the efficacy of out-of-court restructurings involving notes issued under the Trust Indenture Act when it reversed the decision of the U.S.

Filed under:
USA, Banking, Insolvency & Restructuring, Litigation, Baker Botts LLP, Second Circuit
Authors:
Emanuel Grillo , Shalla Prichard
Location:
USA
Firm:
Baker Botts LLP