Voting threshold for approval of resolution plans lowered by amendment, easing creditor consensus requirement for plan adoption. The amendment substitutes the previously prescribed voting majority with a reduced voting majority for creditor approval of resolution plans, thereby ... Summary
Voting threshold for approval of resolution plans lowered by amendment, easing creditor consensus requirement for plan adoption.
The amendment substitutes the previously prescribed voting majority with a reduced voting majority for creditor approval of resolution plans, thereby lowering the creditor consensus required to validate a plan under the insolvency framework.
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