Bankrupt Chilean Dam Project May Seek Votes on Ch. 11 Regime

By Leslie A. Pappas (April 6, 2022, 6:07 p.m. EDT) — The bankrupt Chilean Alto Maipo dam project on Wednesday won court permission to seek creditor votes on its Chapter 11 reorganization plan after overcoming most objections from creditors, an ad special committee of tort plaintiffs and the US Department of Justice’s bankruptcy watchdog.

U.S. Bankruptcy Court Judge Karen B. Owens of the District of Delaware approved the dam operator’s revised disclosure statement and updated restructuring support agreement in a hearing virtual on Wednesday after overriding outstanding objections.

The amendments filed on Monday to the restructuring support contract, or RSA, “completely removed” the objections of the official committee of unsecured creditors and “significantly reduced”…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!


Comments are closed.