Evan Flaschen ofBracewell & Giuliani and other members of the debtor’s legal team had theirheads held high Wednesday after securing approval to proceed with a restructuringin the US.

The green lightwas issued at the end of a hearing in Houston by a district court judge who wascalled in to take a second look at the case following a flood of appeals filedby attorneys representing TMT’s top lenders.

According