The Court of Appeal overturns the High Court decision concerning an ATE insurance policy lacking anti-avoidance provisions as adequate security for costs.
United Kingdom, Insolvency & Restructuring, Insurance, Litigation, Clyde & Co LLP, Court of Appeal (England and Wales)
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