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By David Brittenham, Scott Selinger
PIK notes are high yield debt securities that allow or require interest to be paid "in kind" ("PIK") in the form of additional notes or by increasing outstanding principal, instead of in cash.
By Steven Gross, Jasmine Ball, Richard Hahn, M. Natasha Labovitz, George Maguire, My Chi To, Michael Wiles
Recently, in Grossman v. Lothian Oil Inc. (In re Lothian Oil Inc.), the Fifth Circuit for the first time addressed the controversial doctrine of debt recharacterization.
On June 28, 2006, the German government issued draft legislation for the implementation of Directive 2004/109/EC ("Directive") of the European Parliament and of the Council of 15 December 2004 on the harmonization of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market in Germany.