Law-Now
Restructuring Plans – Creditors “out of the money” are “out of the vote”
09 Aug 2022
United Kingdom
1 min read
Summary Restructuring Plans (“Plan(s)”) were introduced by the Corporate Insolvency and Governance Act 2020 (“CIGA”) as a rescue tool for companies in financial difficulty to compromise debt and other liabilities owed to secured and unsecured creditors...
