Judge James L. Garrity

Too Close for Comfort? LATAM Judge Upholds $1.3 Billion in Intercompany Loans

12/15/22

A decision earlier this year in the LATAM Airlines Group bankruptcy addressed the validity of claims arising from intercompany loans between a corporate debtor’s affiliates.  Judge James L. Garrity’s opinion overruling objections to the claims provides helpful guidance on an issue that often gives rise to disputes in chapter 11 cases.

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