Topic
Restructuring Plans
69 published works
Restructuring Globalview
New Fortress Energy restructuring: Cross-border agreement on “good forum shopping”
On June 18, 2026, the English High Court sanctioned two interconnected restructuring plans that will eliminate approximately US$9.6 billion of debt and implement a broader operational reorganization of the group.…
Restructuring Globalview
UK court confirms that the lonely soliloquies of one cannot be a meeting when considering Argo Blockchain’s Restructuring Plan (UK)
Following our previous blog Revolution Bars: When is a meeting really a meeting?” Mr Justice Hildyard has, in Re Argo Blockchain Plc[1], affirmed the position that a creditor can only…
Restructuring Globalview
Re:Petrofac Ltd – Jersey Company granted administration order by English Courts
By Sabina Khan
In Re Petrofac Ltd [2025] EWHC 2887 (Ch), the English High Court made an administration order in relation to a Jersey-incorporated company even though its registered office was not in England…
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
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
Practice Statement: Restructuring Plans and Schemes – What Does this Mean for the Future? (UK)
By Rachael Markham, Charlotte Møller
We have seen an increasing number of contested restructuring plans (RPs) over the last quarter. With a notable shift of RPs into the litigation arena, and some gentle push back…
Restructuring Globalview
What are the Key Takeaways for managing HMRC in a UK restructuring plan (RPs) and beyond?
By Rachael Markham, Charlotte Møller, John Alderton
Much will depend on the specifics of a company’s financial position, but there are some themes from the OutsideClinic and Enzen judgments that are helpful – and arguably so even…
Restructuring Globalview
And just like that another Restructuring Plan is sanctioned with HMRC supporting (UK)
By Rachael Markham, Annabelle McKeeve
The Outside Clinic restructuring plan (RP) was sanctioned last week with HMRC voting in favour of it. In a similar vein to Enzen (see our earlier blog) HMRC initially indicated that…
Restructuring Globalview
HMRC Supports a UK Restructuring Plan with its Change in Approach – Good News for Future RPs?
By Annabelle McKeeve, Rachael Markham
You may have read our previous blog about the Outside Clinic Restructuring Plan (RP) which asked whether 5p was enough to cram down HMRC and thought, well surely if that’s…