What does “pari passu” mean? The principal of pari passu requires all investors in a certain class to be treated the same way. As a bond covenant, pari passu would entitle all of the bondholders in a ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. On October 26, the Second Circuit chucked out Argentina’s appeal against having to pay bond holdouts, having ...

Pari Passu, a shape-based contemporary collection for women above size 12, is closing down its business, a victim of economic uncertainty and high tariffs from China. The move is effective June 2. The ...

a. the 2029 Noteholders had, when they acquired the 2029 Notes, already accepted that their instruments would be time subordinated; b. if the plan is not successful (ie. because the AHG’s valuation ...

We wish there were more brands that offered plus sizes, but the truth is that designing for larger bodies is not as simple as adding more fabric. Perhaps no one knows this better than Shanna Goldstone ...

Recent cases involving sovereigns have shown how open to interpretation pari passu clauses are. Do they dictate equal payment to all similarly ranked creditors? If so, the international financial ...