SAFE HARBOR IN UNCHARTED WATERS - SECURITIES LAW EXEMPTIONS UNDER SECTION 1125(E) OF THE BANKRUPTCY CODE

Authors
CIERI RM PORTER DP DAVIDO SJ LENNOX H
Citation
Rm. Cieri et al., SAFE HARBOR IN UNCHARTED WATERS - SECURITIES LAW EXEMPTIONS UNDER SECTION 1125(E) OF THE BANKRUPTCY CODE, The Business lawyer, 51(2), 1996, pp. 379
Citations number
24
Categorie Soggetti
Industrial Relations & Labor",Law
Journal title
The Business lawyer → ACNP
ISSN journal
00076899
Volume
51
Issue
2
Year of publication
1996
Database
ISI
SICI code
0007-6899(1996)51:2<379:SHIUW->2.0.ZU;2-U
Abstract
Securities issues often confront corporations seeking to reorganize un der chapter 11 of the Bankruptcy Code. This Article explores the safe harbor provided by section 1125(e) of the Bankruptcy Code and the stri ngent requirements of federal and state securities laws. It explains t he history, purpose, and scope of section 1125(e) as an aid to securit ies practitioners in structuring transactions in the chapter 11 contex t. Finally, it explores potential expansions of the safe harbor-i.e., to prepackaged plans of reorganization.