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 the still-nascent Part 26A regime. As such, the decision provides valuable commentary on the exercise of the court’s power to cram down a dissenting creditor class.
This Client Alert explains the key points arising from this important decision and considers its implications for the restructuring market.
Please see full publication below for more information.