Saudi Arabia recently published a new Bankruptcy Law. This is the latest development of a string of reforms under Vision 2030 to further encourage the participation of foreign and domestic investors by structuring the business legal framework. This article provides a general analysis of the new bankruptcy law and its implications for businesses operating in the Kingdom.
Court holds that TIA § 316(b) prohibits only non‐consensual amendments to an indenture’s core payment terms.
USA, Insolvency & Restructuring, Litigation, Morgan, Lewis & Bockius LLP, Bond (finance), US Congress, Second Circuit