Bond bombshell

Randeria, Zubin
May 2005
Lawyer;5/23/2005, Vol. 19 Issue 20, p24
Trade Publication
Reports that holders and convertible bonds in MyTravel Group PLC, a leading Great Britain leisure travel operator, took a last-minute decision to submit to the terms set out in the company's restructuring process. Issue of the legal rights of bondholders; Court's rejection of the bondholders' claims; Proposal to disenfranchise a creditor group; Role of the Civil Aviation Authority in the restructuring.


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