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The bankruptcy reform bill that passed the Senate earlier this month would not only restructure the federal bankruptcy code, but also significantly shift the landscape for advisers involved in corporate bankruptcies. The legislation would repeal an existing provision that prohibits investment banks from advising a company in bankruptcy if that company had been an underwriting client within three years of its Chapter 11 filing. Restructuring advisory firms are up in arms about the change.
March 15, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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