In BTI 2014 LLC v. Sequana S.A.  UKSC 25 (Sequana) the UK’s highest court, the Supreme Court (the Court), has considered for the firstContinue Reading UK Supreme Court Confirms Existence of Directors’ Duties to Creditors
John Houghton, Chair of the London Restructuring & Bankruptcy Practice, advises creditors, sponsors, insolvent companies, directors and insolvency practitioners on virtually all areas of international restructurings, insolvency, and corporate rescues. He has a substantial experience of restructuring via schemes of arrangement and the new restructuring process.
According to the Chambers UK 2020 Guide, John “is highly competent and skilled, and is able to guide a management team and develop options for them to consider." He also advises parties seeking to fund into existing insolvencies and restructurings as well as parties who are interested in acquiring distressed businesses. The Chambers UK 2019 Guide refers to him as having a “widely respected practice,” and the 2018 Guide highlights John as “well plugged in to the market and well regarded.” The 2017 Guide recognizes him as “a very good operator” and “a popular choice for restructuring and insolvency mandates,” while the 2016 Guide lauds him as “one of the most innovative restructuring lawyers in the market,” who “constantly thinks outside of t
Tenant Restructuring Plan Does Not Relieve Third-Party Guarantor of Payment Obligation, English Court Rules
On 15 August 2022, Deputy Master Arkush handed down judgment in the case of Oceanfill Limited v Nuffield Health Wellbeing Limited and Cannons Group Limited…Continue Reading Tenant Restructuring Plan Does Not Relieve Third-Party Guarantor of Payment Obligation, English Court Rules
‘An unusual case in all sorts of ways’ – English High Court Considers Administration Application for Russian VTB Bank’s London Arm
In a hearing yesterday, 6 April 2022, the High Court considered an application of the directors of VTB Capital PLC (VTB UK) for the appointment …
Continue Reading ‘An unusual case in all sorts of ways’ – English High Court Considers Administration Application for Russian VTB Bank’s London Arm
Corporate Restructuring in the UK – the Old or the New?
This GT Alert provides an analysis of the UK’s corporate rescue tools: The Company Voluntary Arrangement, the Scheme of Arrangement and the Restructuring Plan.
Continue Reading Corporate Restructuring in the UK – the Old or the New?
Smile Telecoms Restructuring Plan Sanctioned by Lord Justice Snowden – A Number of Restructuring Plan ‘Firsts’ Established
On 30 March 2022 the English High Court sanctioned a restructuring plan proposed by Smile Telecoms Holdings Limited pursuant to Part 26A of the Companies…
Continue Reading Smile Telecoms Restructuring Plan Sanctioned by Lord Justice Snowden – A Number of Restructuring Plan ‘Firsts’ Established