In the UK, some commentators sounded the death knell to the restructuring plan, suggesting that the process would become overly challenging and complex post Adler, Petrofac and Thames Water, highlighting the current landscape as an inflection point that may take restructuring plans out of the reach of companies that would benefit from them the most.
Continue Reading Navigating The Allocation of Plan Benefits and Stakeholder Contributions in UK Part 26A Restructuring Plans
British universities facing financial challenges and shifting enrollment patterns are considering restructuring plans in light of potential insolvencies.
Revered for their academic excellence and preeminent
Continue Reading Britain’s Renowned Higher Education Institutions Face Financial Headwinds, Potential Insolvency
On 11 June 2024, Mr. Justice Leech handed down a landmark UK judgment relating to wrongful trading and misfeasance against the former directors of the
Continue Reading English Courts Introduce Novel Concept of ‘Trading Misfeasance’
On 4 March 2024, Mr Justice Richards of the English High Court delivered a judgment (the Judgment) in relation to the sanction of the restructuring
Continue Reading English High Court Decision in Relation to Sanction of Fürst Part 26A Restructuring Plan
To modernise the restructuring toolkit available to special administrators, the UK government has introduced changes to the English special administration regime (SAR)1 for distressed
Continue Reading Changes to the Special Administration Regime for UK Water Companies
‘Tis the season for giving, and the recent UK Supreme Court decision in R (on the application of Palmer) v Northern Derbyshire Magistrates’ Court and
Continue Reading Guilty or Not Guilty: UK Supreme Court Decides Fate of Administrator Appointed Under Insolvency Act
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
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.
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Continue Reading Corporate Restructuring in the UK – the Old or the New?
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
The Corporate Insolvency and Governance Act (CIGA) came into force on 26 June 2020, introducing a number of permanent and temporary changes to the UK’s