When Waldorf Production UK Plc returned to court with its second restructuring plan in a year, the primary opposition it faced was from HMRC who voted against the plan. Mr Justice Green ultimately sanctioned the plan, cramming down the liabilities
Restructuring Globalview, published by Squire Patton Boggs, focuses on legal developments and practical issues in corporate restructuring and insolvency. The blog covers topics such as restructuring plans, creditor rights, fairness in value allocation, interim and final charging orders, administration expenses, and the impact of insolvency on enforcement actions. It discusses key court decisions and principles affecting restructuring processes, creditor negotiations, and insolvency proceedings in jurisdictions including the UK and the US. The blog also addresses the interplay between insolvency law and contractual obligations, providing insights relevant to practitioners handling complex restructuring and insolvency matters.
Have the doors to U.S. Bankruptcy courts finally swung open to cannabis companies? Perhaps, but still in only very limited circumstances involving a foreign debtor. Nonetheless, Judge Brendan Shannon’s recent order granting recognition of a Canadian insolvency proceeding [1] filed…
The increasing deployment of artificial intelligence in economic decision-making processes is progressively affecting insolvency-related contexts. The EU AI Act establishes a harmonised regulatory framework across the European Union; while it does not bring about any direct changes to substantive insolvency…