Even in Lockup, Creditors are Entitled to “Adequate” Committee Representation
Consideration?
by Guest Blogger
At Creditors' Sidebar, from time to time we want to highlight how the "nuts and bolts" of originating a commercial transaction can have a significant impact in the future. Here is a great example posted on WeilGotshal's Bankruptcy Blog (The Fraudulent-Transfer Risk of Intangible Consideration). It is a reminder to all of us to take care in drafting our documents. As the article points out, specificity in the document's language may be more expensive at the outset; however, it may save in future litigation costs.