Marketing strategy for corporate assets: resolution professional prepares plan; committee approval required for implementation and costs. Regulation 36C mandates that the resolution professional prepare a marketing strategy for the corporate debtor's assets in consultation with the committee ... Summary
Marketing strategy for corporate assets: resolution professional prepares plan; committee approval required for implementation and costs.
Regulation 36C mandates that the resolution professional prepare a marketing strategy for the corporate debtor's assets in consultation with the committee when assets exceed the prescribed threshold, while allowing preparation in other cases; implementation and related costs require committee approval, and committee members may also undertake asset marketing measures.
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