Law-Now
09 Aug 2022 ·
International
Restructuring Plans – Creditors “out of the money” are “out of the vote”
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...
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