November 21, 2014
A Delaware bankruptcy judge granted Chinese solar cell manufacturer LDK Solar Co. Ltd Chapter 15 recognition Friday, and confirmed the Chapter 11 plan for its U.S. affiliates after the debtor resolved objections from the U.S. Trustee's Office that the prepackaged reorganization strategy shielded too many from liability.
November 14, 2014
The U.S. Trustee's Office took issue late on Thursday with provisions in the prepackaged Chapter 11 plan for U.S. affiliates of Chinese solar cell manufacturer LDK Solar Co. Ltd. it argues could shield several parties from liability, marking a potential bump on the debtors' thus far smooth road to confirmation.