Federal Judicial Administration Council

The Support Club Acknowledges the Broad Opposition Demonstrated Amongst Unsecured Creditors to Orpea’s Accelerated Safeguard Plan and Notes the Voting Process to Be an Additional Irregularity That Renders the Whole Plan Unlawful

Retrieved on: 
Thursday, June 29, 2023
Professional Services, Finance, Grey Literature International Steering Committee, Court of Appeals of Virginia, Bytown Boys Supporters Club, Administrator, Federal Judicial Administration Council, Outlaw, Commercial code, CDC, Committee, Letter, Support, Economics, Security (finance), Palace of Versailles

The Support Club acknowledges the broad opposition demonstrated amongst unsecured creditors by the holders of Class 8 claims, Class 7 claims and Class 7bis claims to Orpea’s accelerated safeguard plan and notes the voting process to be an additional irregularity that renders the whole plan unlawful.

Key Points: 
  • The Support Club acknowledges the broad opposition demonstrated amongst unsecured creditors by the holders of Class 8 claims, Class 7 claims and Class 7bis claims to Orpea’s accelerated safeguard plan and notes the voting process to be an additional irregularity that renders the whole plan unlawful.
  • The Support Club continues to believe the current restructuring plan arbitrarily favors and enriches the French State’s investment vehicle, Caisse des dépôts et consignations (the CDC), the Steering Committee and certain (primarily French) creditors.
  • This development is even more concerning for unsecured creditors invested in France, with the Orpea restructuring process continuing to set a terrible precedent.
  • We note that some other distressed unsecured claims in France have plummeted in value since the recent developments in Orpea.

Florida Probate Law Firm Partner Michael A. Bracchi Appointed to The Florida Bar Probate Rules Committee

Retrieved on: 
Tuesday, May 30, 2023
Financial Industry Regulatory Authority, Intellectual property, Federal Judicial Administration Council, PLLC, FINRA, Knowledge, Florida Rules of Civil Procedure, Arbitral tribunal, The Florida Bar, Supreme Court of Florida

BOCA RATON, Fla., May 30, 2023 /PRNewswire-PRWeb/ -- Attorney Michael A. Bracchi, a distinguished partner at the Florida Probate Law Firm, PLLC, has been selected by The Florida Bar President-Elect Scott Westheimer to serve on the prestigious Florida Probate Rules Committee. This key appointment spans one year, through June 2024.

Key Points: 
  • Florida Probate Law Firm Partner Michael A. Bracchi appointed to The Florida Bar Probate Rules Committee, contributing his knowledge of probate law to enhance justice in probate matters.
  • BOCA RATON, Fla., May 30, 2023 /PRNewswire-PRWeb/ -- Attorney Michael A. Bracchi , a distinguished partner at the Florida Probate Law Firm, PLLC , has been selected by The Florida Bar President-Elect Scott Westheimer to serve on the prestigious Florida Probate Rules Committee.
  • He looks forward to leveraging his knowledge and experience in probate law to make meaningful contributions to the Probate Rules Committee.
  • The Florida Probate Law Firm, PLLC, is proud to have one of its esteemed partners appointed to such a significant position.