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TJSC: Judicial reorganization is annulled for not complying with “cram down” requirements

Summary by Globo
Mechanism allows the judge to require dissenting creditors to approve the plan submitted and already accepted by the majority

1 Articles

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TJSC: Judicial reorganization is annulled for not complying with “cram down” requirements

Mechanism allows the judge to require dissenting creditors to approve the plan submitted and already accepted by the majority

·Brazil
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Globo broke the news in Brazil on Thursday, September 19, 2024.
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