Pari passu: equal creditor ranking ensures concurrent, non preferential participation in distributions from a common fund. Pari passu is the principle that similarly situated creditors share equally and without precedence in distributions from the same fund, entitling them to ... Summary
Pari passu: equal creditor ranking ensures concurrent, non preferential participation in distributions from a common fund.
Pari passu is the principle that similarly situated creditors share equally and without precedence in distributions from the same fund, entitling them to proportionate, concurrent participation in asset marshalling so that no creditor has preferential priority over another.
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