The England and Wales Court of Appeal recently handed down its first judgment relating to a restructuring plan under Part 26A of the UK Companies Act 2006: Re AGPS Bondco Plc [2024] EWCA Civ 24. Restructuring plans were a...more
2/23/2024
/ Corporate Restructuring ,
Cramdown ,
Creditors ,
Debt Restructuring ,
Equity ,
Financial Distress ,
Insolvency ,
Scheme of Arrangement ,
Statements of Economic Interest ,
UK ,
UK Companies Acts
The UK Supreme Court has delivered its long awaited judgment in BTI v Sequana. It considers if and when directors of a financially distressed company incorporated in England and Wales have a duty to consider, or to act in...more
The UK government has announced that temporary restrictions on creditor action introduced in the Corporate Insolvency and Governance Act 2020 are to be phased out. These temporary restrictions were put in place to protect...more