When Japan Airlines Flight 123 suffered a loss of control, Hirotsugu Kawaguchi, a 52-year-old passenger on board, started jotting a note to his children: “I really want you to be good to one another ...
Pari passu ensures equal treatment of investors in bankruptcy and real estate payouts. In real estate, pari passu distributes profits equally and at the same time via waterfall structures. CMBS use ...
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