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Clifford Chance

Clifford Chance


ABI Commission Declines to Recommend Any Changes to Laws Impacting Distressed Debt and Claims Trading

19 December 2014

In the more than thirty-five years since the U.S. Bankruptcy Code was enacted, lending practices, players in financial and credit markets, and the global economy have changed dramatically. Not surprisingly, some restructuring professionals believe that the U.S. Bankruptcy Code, even as presently amended, is not adequately equipped to address these myriad changes nor will it be able handle future innovations and transformations.

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