The decision represents the first appellate-level ruling on the Part 26A regime.
On 23 January 2024, the Court of Appeal set aside the sanction of the Adler restructuring plan (RP) in the first appellate-level decision on...more
2/1/2024
/ Cramdown ,
Creditors ,
Debt Restructuring ,
Insolvency ,
Jurisdiction ,
Lenders ,
Liquidation ,
Pari Passu ,
Priority Debt ,
Restructuring ,
Shareholders ,
UK
The decision provides new judicial guidance for determining the boundaries of cross-class cram down tests.
On 28 June 2021, the High Court declined to sanction a restructuring plan proposed by Hurricane Energy plc...more
The decision confirms that company voluntary arrangements remain a flexible tool for restructuring leasehold portfolios.
Key Points:
The judge rejected each of the landlords’ arguments, confirming that:
..A CVA...more
The Corporate Insolvency & Governance Act introduces temporary and permanent changes to UK insolvency and restructuring laws.
On 28 March 2020, the UK government announced a number of reforms to UK insolvency...more
The Court based its decision on the clear policy implications of the yet-to-be-enacted Corporate Insolvency and Governance Bill.
The COVID-19 pandemic has had a debilitating impact on companies and particularly commercial...more
Given the many fast-paced UK government announcements of COVID-19-related measures, this Client Alert provides a summary, as of 28 March 2020, of the proposed changes to UK insolvency laws.
As of 28 March 2020, the UK...more