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
Executive Summary - New legislation will introduce permanent and temporary reforms to the UK restructuring and insolvency regime....more
The updated UK Insolvency Rules 2016 will come into force on 6 April 2017.
The new rules have four aims:
- to reflect modern business practice and increase efficiency;
- to restructure and modernise the 1986...more