(e) Except to the extent that affected classes of creditors have agreed otherwise, if a class of creditors has voted against the plan, that class shall receive under the plan full recognition of its ranking under the insolvency law and the distribution to that class under the plan should conform to that ranking.

The new class that populates them does not demonize foreign capital. Indeed, there are talks centered on debt, with some creditors interested in the mechanics of capitalization.

Two main questions in the discussion were whether the rule of non discrimination required that foreign creditors be admitted in the same or equivalent class of priority as local creditors and whether paragraph (1) should venture into the question of recognition of claims of foreign tax and social security authorities.

It provides that a creditor, by claiming in more than one proceeding, does not receive more than the proportion of payment that is obtained by other creditors of the same class.

Class. Class!

Class, class.

Protection of secured creditors

Treatment of foreign creditors

Class. I said she had lot of class.

Class, class, please.

You're class, real class

All right, class. Class!

(j) Treatment of secured creditors

It is intended to ensure that a creditor, by participating in proceedings in more than one jurisdiction, does not receive a greater proportion of repayment of claims than that received by other creditors of the same class.

Class. She's got real class.

A little class, nipple class...

All right, class, please. Class.

Name of class

Article 23. Rate of payment of creditors

And they've taken out the autoshop class and the drafting class and the art class.

However, the Working Group was urged to consider such protective measures in a manner that ensured the equality of creditors, rather than establishing a preferential treatment of local creditors to the detriment of foreign creditors.

Members of this class

First class, of course.

Criminal jurisdiction also varies according to the class of magistrate presiding and class of court.

Different approaches may be taken, including requiring approval by all classes or approval by a specified majority of the classes, but at least one class of creditors whose rights are modified or affected by the plan must approve the plan.

Creditors in insolvency proceedings

The interests of local creditors and of the creditors as a whole were not necessarily fostered by promoting the opening of parallel proceedings.

Class

Class

Class

class

Class

class

Class

Class

Class...

Class

Class

Class...

Class.

(d) Ensure equitable treatment of similarly situated creditors

The super priority ranks ahead of administrative creditors.

Article 19. Protection of creditors and the debtor

In this example, we first define a base class and an extension of the class.

Enter the name of the class which should be used as the template's base class