# kaal:claim:2348463-012

**Claim.** Revised Rule 2019 clarifies some of the ambiguities of the old rule, but uncertainty and confusion about its application remain inevitable.

**Type.** failure  **Support.** argued

**Holds when.**

- Revised Rule 2019 as effective December 1, 2011

**Source quote.**

> While Revised Rule 2019 clarifies some of the ambiguities under old Rule 2019, uncertainty and confusion still seem inevitable.

**From.** Wulf A. Kaal, *Hedge Funds’ Systemic Risk Disclosures in Bankruptcy* (2013), I. BANKRUPTCY DISCLOSURES, page 12

**Cite as.** Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013). SSRN: https://ssrn.com/abstract=2348463

**Verify.** sha256 of source PDF `b3682f24c0b277b3307fb9f54cd17a4e0a87b48eecba34b40e189212f20c9a22` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Hedge%20Funds%E2%80%99%20Systemic%20Risk%20Disclosures%20in%20Bankruptcy.pdf

**Failure mode.** residual uncertainty after rule revision  (family: definitional-ambiguity)

**Topics.** systemic-risk, law-and-legal-systems, disclosure

**Keywords.** bankruptcy-rule-2019, legal-uncertainty, disclosure-rules, rule-revision

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