Panel to rule on credit dispute key to Thomas Cook's future
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LONDON (Reuters) - A panel of bankers will rule on Thursday whether some investors in Thomas Cook's credit are due a payout under bankruptcy rules, a decision that could smooth a rescue of the world's oldest travel company. The British firm, which employs 21,000 people across 16 countries, agreed the key terms of a rescue deal with Chinese shareholder Fosun last month. But it must be approved by creditors next week.Holders of Credit Default Swaps (CDS), instruments used to insure exposure to..