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What is Cablevision APE Court Ruling Summary about?
The judge approved the extrajudicial preventive agreement presented by Cablevisión S.A. He rejected the claims of the appealing creditors regarding the legitimacy of the shareholders and directors of Cablevisión and the application of Article 45 bis of the Bankruptcy and Insolvency Law. The appealing creditors argue that the agreement only benefits the shareholders and that several legal requirements were not met, such as publishing the notices abroad and obtaining the necessary majorities initially.
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