When Can a Bondholder Insist on Prompt Payment of Principal or Interest: Recent Developments under the Trust Indenture Act

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In December 2014 and January 2015, the United States District Court for the Southern District of New York issued two sets of decisions — Marblegate Asset Mgmt. v. Educ. Mgmt. Corp. and MeehanCombs Global Credit Opportunities Funds, LP v. Caesars Entm't Corp. — analyzing a provision of the Trust Indenture Act of 1939 (the “TIA”) that has rarely found its way into judicial decisions since the statute's enactment.

Originally published in Norton Annual Survey of Bankruptcy Law & Practice, 2016 Edition - October, 2016.

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