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Schemes, WHOA, and Chapter 11 alternatives abroad with a Clifford Chance panel

Legal Lens

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Navigating Bankruptcy: U.S. vs. International Practices

This chapter explores the differences between the U.S. Chapter 11 bankruptcy process and international frameworks, emphasizing the absolute priority rule and its variable applications. It also examines case law examples that reveal how equity holders may retain interests under certain conditions, highlighting the flexibility and nuances of global bankruptcy practices.

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