Second Circuit Affirms AMR's Bankruptcy Court Judgment that Payment of Accelerated Prepetition Debts Does Not Necessarily Trigger Make-Whole Premium | White & Case LLP International Law Firm, Global Law Practice
Second Circuit Affirms AMR's Bankruptcy Court Judgment that Payment of Accelerated Prepetition Debts Does Not Necessarily Trigger Make-Whole Premium

Second Circuit Affirms AMR's Bankruptcy Court Judgment that Payment of Accelerated Prepetition Debts Does Not Necessarily Trigger Make-Whole Premium

American Airlines emerged from bankruptcy court protection on December 9, 2013, culminating in its merger with US Airways. This Client Alert looks at the Circuit Court ruling that upheld the enforceability of ipso facto clauses in nonexecutory contracts and interpreted the requirements applicable to a debtor's §1110(a) election.

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