Clifford Chance
Pledge 'of or over' future credits and pledge 'securing' future credits in the reform of the Insolvency Law
16 November 2011
The new paragraph of Article 90.1.6
What are the immediate consequences of the Reform Law, if its current terms are maintained?
What creditors will be affected?
Collateral effects of the controversy derived from the new wording of Article 90.1.6
Conclusions and practical recommendations
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