Topic
Restructuring Plans
69 published works
Restructuring Globalview
(UK) Is 5p enough to cram down HMRC in a Restructuring Plan?
For those in the mid-market who have watched developments in restructuring plans (RP) move from a potential rescue tool, to something prohibitively expensive, the OutsideClinic RP might be one to…
Real Estate Insights
Cineworld Restructuring Plans: no happy ever after for landlords
The recent High Court decision in the Cineworld restructuring plans case [2024] EWHC 2475 (Ch) again illustrates how even the most pro-active landlords cannot insulate themselves from the effects of…
Restructuring Globalview
Restructuring Plans given a Shake-up after the Adler Plan is Overturned (UK)
By Helena Clarke, Charlotte Møller
The Court of Appeal has, today, overturned the High Court’s decision to sanction the Part 26A restructuring plan put forward by the Adler Group (the “Plan”). Following the Plan’s sanction…
Restructuring Globalview
Part 26A Restructuring Plans – Sanction Hearing Timetabling Considerations
By Sabina Khan
The judgment handed down in the matter of CB&I UK Ltd suggests that the English Courts will not expedite or truncate sanction hearing timetables to accommodate requests from companies which…
Restructuring Globalview
(UK) HMRC and Restructuring Plans: The Next Chapter
By Helena Clarke, Rachael Markham
A thorny question facing a company when considering a Restructuring Plan is how to deal with HMRC particularly following HMRC's opposition to recent plans. Creditors now have some assistance in…
Restructuring Globalview
The Enforcement of Non-Consensual Restructuring Plans in Spain on the Shareholders of Limited Liability Companies
The implementation, just over a year ago, of Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on Preventive Restructuring Frameworks, has meant a…
Restructuring Globalview
How Do You Cram Down HMRC in a UK Restructuring Plan?
By Rachael Markham, Jennifer Jones
What we know for certain is that it is possible to cram down HMRC using a restructuring plan, but not without good reason. In a battleground which ultimately turns on…
Restructuring Globalview
Are UK Restructuring Plans Still too Expensive?
As far as they go, restructuring plans have worked well since they were first introduced 3 years ago. This is reflected in the most recent review of CIGA published by…
Restructuring Globalview
Are HMRC Critical To UK Restructuring Plans?
It’s now level pegging for HMRC on cram down - twice it has been crammed down, and twice it has not. In the most recent restructuring plan proposed by Prezzo,…
Restructuring Globalview
(UK) The Gloves are off for HMRC: What did we learn from the Great Annual Savings Sanction Hearing?
Yesterday saw the end of a three-day sanction hearing for the restructuring plan (the “Plan”) of the Great Annual Savings (GAS) company, with Justice Adam Johnson reserving his judgment and…