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Restructuring Plans – Creditors “out of the money” are “out of the vote”

09/08/2022

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...

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Authors

Portrait ofJulie Gattegno
Julie Gattegno
Partner
London
Portrait ofJulian Turner
Julian Turner
Consultant
London
Portrait ofJim Pang
Jim Pang
Associate
London