Summary
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Cadwalader Wickersham & Taft LLP, Insolvency, UK Supreme Court
Introduction
United Kingdom, Company & Commercial, Insolvency & Restructuring, Cadwalader Wickersham & Taft LLP, Coronavirus
United Kingdom, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Davis Polk & Wardwell LLP, Court of Appeal (England and Wales)
In the aftermath of recent municipal bankruptcies in which issuers proposed and/or implemented bankruptcy plans involving partial discharges of the issuer’s payment obligation on insured bonds, there has been increased focus on whether municipal bond interest paid by a bond insurer after the bankruptcy plan’s effective date continues to be tax-exempt.
USA, Capital Markets, Insolvency & Restructuring, Tax, Mintz, Bond (finance), Tax exemption, Interest, Municipal bond, Internal Revenue Service (USA)