HFSC Markup of Various Capital Formation Bills
SIFMA provided comments to the U.S. House of Representatives Committee on Financial Services on the Markup of Various Capital Formation…
Summary
Court:
U.S. Court of Appeals
(First Circuit)
Amicus Issue:
Whether a “pledge” of revenue is merely an unsecured promise. Whether the special revenue provisions of the Bankruptcy Code only protect the lien on revenues that are already on deposit with the trustee. Whether revenue bondholders do not have a contractual right to payment in full, but merely an unsecured claim for an amount calculated in an estimation proceeding.
Counsel of Record:
Faeger Drinker Biddle & Reath LLP
Laura E. Appleby
Kyle R. Hosmer
Other Amici:
None.
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