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VOTING RIGHTS OF POST-COMMENCEMENT FINANCIERS? NO LONGER PART OF THE SECURITY PACKAGE

VOTING RIGHTS OF POST-COMMENCEMENT FINANCIERS? NO LONGER PART OF THE SECURITY PACKAGE

by Nicholas Veltman | Oct 3, 2023 | News

The Companies Act, No. 71 of 2008, makes it as attractive as possible for post-commencement financiers to provide funding to distressed companies by conferring a statutory priority to the claims of financiers over certain (other) creditors and allowing the distressed...

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