Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: Good Faith

Does this in BOLD apply to Fung

Taken together, where a claimant is "guilty of misconduct that injures other creditors or confers an unfair advantage" equitable subordination may be invoked to reorder statutory priorities, for example, reducing secured claims to unsecured claims or even equity claims.16 Courts have noted that equitable subordination is "an extraordinary remedy to be employed [...] sparingly".17 The categories of inequitable conduct for which the doctrine is typically invoked include:

1.       fraud, illegality, breach of fiduciary duties

Share
New Message
Please login to post a reply