Cloud 9fin Jane’s LME Addiction — Dan Kamensky will Fight for Your Right(s)
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Apr 10, 2025 Dan Kamensky, founder of the Creditor Rights Coalition and NYU professor, dives into the intricacies of creditor rights in liability management. He emphasizes the need for fair treatment among creditors and discusses the perils of overreach in financial agreements. The conversation highlights the crucial role of no action clauses and their impact on minority lenders. Kamensky also sheds light on the evolution of market norms and the balance of power in restructuring, advocating for transparency and stability in financial markets.
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NYU's Restructuring Legacy
- Dan Kamensky reminisced about attending the King Seligson Bankruptcy Workshop at NYU 20 years ago.
- This inspired him to create a new initiative focused on credit and distress, strengthening ties between NYU and the restructuring community.
CRC's Unique Approach
- The Creditor Rights Coalition, launched in 2021, combines advocacy for creditor rights with content creation.
- Its unique curation, by market professionals with legal and financial backgrounds, drives engagement and informs advocacy efforts.
Fighting Exclusive Opportunism
- The Creditor Rights Coalition focuses on fighting exclusive opportunism, where some lenders benefit at the expense of others.
- They uphold principles of equal treatment for similarly situated creditors, especially regarding fundamental rights.