Altice International — US Litigation, October 2026

We have examined the documentation underpinning the Altice International litigation, mapping the allegations against the financing documents and tracing the key transactions to assess the implications for creditor recoveries. The case goes well beyond a conventional LME challenge, with creditors seeking to unwind alleged value leakage and restore assets to the restricted group. Our analysis focuses on the legal routes available to creditors, the practical challenges of recovering transferred assets and the implications of competing claims, including Fidera’s position against Altice Portugal.