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Restructuring Globalview
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Restructuring Globalview
Revised Practice Statement for Schemes of Arrangement and Restructuring Plans (UK)
By Tom Leverett
New guidance is the latest in a move to iron out the practical wrinkles from Part 26 and 26A of the Companies Act 2006. On 18 September 2025, the Chancellor…
Restructuring Globalview
The Eleven Conditions for Cram Down in a UK Restructuring Plan
The ability to cram down dissenting creditors in a Restructuring Plan (RP) is a helpful tool to ensure that a proposed restructuring is not derailed. But ultimately the power rests…
Restructuring Globalview
Can Administrator Fees Be Challenged? Lessons from Pagden v Ridgley (UK)
. In the High Court decision of Pagden v Ridgley [2025] EWHC 2674 (Ch), Mr Justice Foxton considered an appeal from a decision by ICC Judge Greenwood, who previously dismissed…
Restructuring Globalview
UK Administration ends by transition to MVL
On 8 October 2025, the Court approved a significant milestone in the long-running insolvency proceedings of Lehman Brothers International (Europe) (LBIE). After 17 years in administration, the Court granted an…
Restructuring Globalview
Parties Beware: Texas District Court Reverses Plan Confirmation, Holding Common Bankruptcy Practice Results in Unequal Treatment Among Similarly Situated Creditors (US)
In a decision regarding the use of equity rights offerings with potentially significant ripple effects across the restructuring industry, Judge Andrew Hanen of the United States District Court for the…
Restructuring Globalview
Waldorf – Another UK Restructuring Plan is Declined Sanction on the Basis of Fairness and Judicial Discretion
By Sabina Khan
The High Court has refused to use its discretion to sanction a restructuring plan proposed by Waldorf Production UK Plc (Waldorf or the Company) which entailed a cramdown of the…
Restructuring Globalview
MVLs and Issuing Notices of Intended Dividends (UK)
HMRC has issued new guidance explaining its expectations for the proportionate and appropriate use of Notices of Intended Dividends (NOIDs) in an MVL in light of what it says are…
Restructuring Globalview
Second Circuit Clarifies Direct vs. Derivative Claims in Bankruptcy Dispute (US)
On March 4, 2025, the U.S. Court of Appeals for the Second Circuit issued a precedential decision in Little Hearts Marks Family II L.P. v. Carter (In re 305 East…
Restructuring Globalview
Impact on Bankruptcy Injunctions Following Supreme Court’s Trump v. CASA Decision
On June 27, 2025, the U.S. Supreme Court issued its decision in Trump v. CASA, Inc.,[1] which materially limited the ability of federal courts to issue so-called “universal” or “nationwide” injunctions. …
Restructuring Globalview
The Italian Court Confirms that the Principle of Competitiveness in Buyer Selection During Negotiated Business Crisis Settlements cannot be Dispensed with
By Enrico Calabria, Francesco Triga
The negotiated settlement procedure introduced by the Italian Code of Business Crisis and Insolvency (“CCII”), is a tool designed to facilitate the recovery of financially distressed companies through consensual, out-of-court…