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This clause in Noble's restructuring plan is raising concern

Bloomberg Published on Wed, Mar 07, 2018 / 12:51 PM GMT+8

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(Mar 7): As embattled commodities trader Noble Group scrambles to win support for its controversial debt restructuring proposal, one focus among some observers is a clause in the plan that releases the company and its representatives from claims made by senior creditors.

See: Noble Group paid co-CEO US$20 million as company lost billions

On page 5 of the restructuring term sheet, the clause states that the arrangement provides the "full release of any and all other claims" that any senior creditor may have against Noble Group, its management, directors, advisers, agents and representatives in relation to its existing senior debt.