Topic
Restructuring Plans
69 published works
Nonprofit Law Prof Blog
Federal District Court Affirms Bankruptcy Court’s Approval of Boy Scouts Settlement
The Boy Scouts of America (BSA)'s comprehensive reorganization plan and global settlement of sex abuse claims continues its slow march through the federal judicial system. Late last month, the U.S.…
Restructuring Globalview
Can the Court Sanction a UK Restructuring Plan if the Company Does Not Consent to it?
Following the sanctioning of the Good Box restructuring plan (RP) it seems the answer is yes. This might sound surprising to those familiar with schemes of arrangement, because that outcome…
Latham.London
Cramming Down Pension Liabilities: The Final Frontier?
Defined benefit pension arrangements in the UK may not be immune to cross-class cramdown powers under a Part 26A restructuring plan. By Shaun M. Thompson, Hafza Hussein, Paul R. Lawrence,…
Restructuring Globalview
UK Restructuring Plans: Relief for Landlords and a Word of Warning for Guarantors
The UK High Court has ruled that the obligations of third-party guarantors are not affected by a part 26A restructuring plan being sanctioned in respect of the underlying obligations. This…
Nonprofit Law Prof Blog
Bankruptcy Court Grants Final Approval to Boy Scouts Reorganization Plan; Appeals Now Filed
Reuters reports that after several changes to the reorganization plan for the Boy Scouts of America (BSA), the U.S. Bankruptcy Court for the District of Delaware last month issued a…
Restructuring Globalview
(UK) Court Crams Down HMRC in the latest SME Restructuring Plan
By Rachael Markham, John Alderton
There has been very little to indicate how HM Revenue and Customs ("HMRC") might approach a restructuring plan (RP), following HMRC’s preferential status being restored in 2020. The reinstatement of…
Latham.London
Schemes and Restructuring Plans: Where Are We Now?
The forecast for the English scheme and plan looks set fair despite concerns around Brexit turbulence. The restructuring market’s appetite for Part 26 schemes of arrangement and Part 26A restructuring…
GT London Law Blog
Smile Telecoms Restructuring Plan Sanctioned by Lord Justice Snowden – A Number of Restructuring Plan ‘Firsts’ Established
By John Houghton, Ian Jack, Rupert Cheetham
On 30 March 2022 the English High Court sanctioned a restructuring plan proposed by Smile Telecoms Holdings Limited pursuant to Part 26A of the Companies Act 2006. Greenberg Traurig, LLP advised…
Real Bankruptcy Intel
What We’re Reading This Week [March 7, 2022]
By Youmi Kim, Aaron Gavant, Sean T. Scott
Reuters reports that Mahwah Bergen Retail Group – the former owner of the Ann Taylor retail clothing brand – obtained bankruptcy court approval of its revised reorganization plan, from which…
FinTalk
Plan Support Covenants Survive Attack in Aeromexico’s Bankruptcy Proceeding
By Frederick (Rick) Hyman, Frank P. Jaklitsch, Andrew Martin
Earlier this year, Mexican airline, Grupo Aeromexico, S.A.B. de C.V. (together with its affiliates, the “Debtors”) announced that their creditor body had overwhelmingly voted to approve their proposed Chapter 11…