New York Court of Appeals Splits from Second Circuit on Minority Bondholders’ Rights in out of Court Restructurings

An article from Kelley Drye special counsel Ben Feder is featured in the February/March edition of Pratt’s Journal of Bankruptcy Law. The article discusses a recent New York Court of Appeals opinion on out of court restructurings involving bond debt, which will result in fewer consensual out of court restructurings and require more Chapter 11 filings for the implementation of such deals.

You can read the full article here.