The Court's broad power to terminate security interests

Ben Renfrey and Audrey Lian of Johnson Winter Slattery unpack a complicated recent restructuring that highlights the Court’s broad power to terminate security interests provided that: the secured creditor has taken no steps to enforce its interest; the terms of the DOCA provide adequate protection to the secured creditor; and the continuation of its security interest would frustrate an otherwise successful restructure of the company.

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