SDNY Bankruptcy Court Confirms Validity of Liens on Economic Value of FCC Licenses in TerreStar Networks | Practical Law

SDNY Bankruptcy Court Confirms Validity of Liens on Economic Value of FCC Licenses in TerreStar Networks | Practical Law

The US Bankruptcy Court for the Southern District of New York confirmed that, even though a security interest may not be granted in an FCC license, a valid lien may be granted on the economic value of that license.

SDNY Bankruptcy Court Confirms Validity of Liens on Economic Value of FCC Licenses in TerreStar Networks

by PLC Finance and Practical Law Bankruptcy & Restructuring
Published on 01 Sep 2011 • USA (National/Federal)
The US Bankruptcy Court for the Southern District of New York confirmed that, even though a security interest may not be granted in an FCC license, a valid lien may be granted on the economic value of that license.