Ch. of jet owners. 11 Approved Bid Plan with New Break Fees
Posted onAuthorJoshua R. ArnoldComments Off on Ch. of jet owners. 11 Approved Bid Plan with New Break Fees
By Vince Sullivan (February 4, 2022, 6:09 PM EST) – A New York bankruptcy judge has found bid protections in a plan to sell proposed by the owners of two planes leased to an Asian airline were warranted in their Chapter 11 circumstances, saying Friday that a severance pay of 3.5% was higher than normal but still appropriate.
In a videoconference hearing, U.S. Bankruptcy Judge David S. Jones said the breakage fee payable to the stalking horse bidder in the case was higher than the usual 3% cap on such payments, but that the case of debtors JPA No. 111 Co. Ltd. and JPA No. 49 Ltd. include risks not…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!
Prior to the Ethereum merger, Binance announced fee-free trading for the ETH and BUSD trading pair. The highly anticipated merger is expected to take place around September 15, subject to technical changes. As the crypto market anticipates increased interest in ETH in the coming days, Binance has announced a fee on its stablecoin pair. There […]
The Union cabinet on Wednesday lowered rail land license fees to 1.5% from 6% for certain uses. The term of the lease has also been increased to 35 years from the current 5 years. This decision will accelerate the sale of the Centre’s stake in Container Corporation of India. The development is believed to be […]
Rangers insider and popular club blogger Four Lads Had a Dream has dropped a major clue regarding the transfer fee the Ibrox side agreed for Bayern star Malik Tillman. Rangers have signed the United States international on a first loan deal with an option to buy at the end of the season. Photo by Geert […]
