'Redemption Option Value'

On Dec. 8, 2014, the American Bankruptcy Institute Commission to Study the Reform of Chapter 11 issued its 2012-2014 Final Report and Recommendations (the Report) proposing numerous changes to Chapter 11 of the Bankruptcy Code. This article focuses on the Commission's proposal to compel senior creditors to pay a mandatory "tax," or so-called "redemption option value" (ROV), to junior stakeholders.

25 minute read April 01, 2015 at 12:39 PM

Lawrence V. Gelber, David M. Hillman, Karen S. Park And Aaron B. Wernick

On Dec. 8, 2014, the American Bankruptcy Institute Commission to Study the Reform of Chapter 11 (the Commission) issued its 2012-2014 Final Report and Recommendations (the Report) proposing numerous changes to Chapter 11 of the Bankruptcy Code (the Code).

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'Redemption Option Value'

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Real Property Law

Entrepreneurship Is Already Hard: Rising Above Extraordinary Personal Crises to Build an Award-Winning Professional Reputation

Applying the Zero Trust Model to Manage Risks of Agentic AI

California’s AI Transparency Stack: From State Obligation to Adoption Strategy