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Voting against the adoption of a business rescue plan – is your vote inappropriate?

Creditors who vote against the adoption of a business rescue plan out of self-interest, without considering the rights of other affected parties, may risk having their votes deemed inappropriate by a court. A creditor of a company undergoing business rescue proceedings is entitled to vote on the proposed business rescue plan. However, for some creditors, voting for the approval of the business rescue plan would not achieve their objectives.

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