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High Court Declines to “Cram Down” Shareholders in Proposed Part 26A Restructuring Plan of Oil Company

The decision provides new judicial guidance for determining the boundaries of cross-class cram down tests. On 28 June 2021, the High Court declined to sanction a restructuring plan proposed by Hurricane Energy plc...more

COVID-19: UK Government Temporarily Suspends Wrongful Trading Rules to Assist Directors of Affected Companies

The Corporate Insolvency & Governance Act introduces temporary and permanent changes to UK insolvency and restructuring laws. On 28 March 2020, the UK government announced a number of reforms to UK insolvency...more

COVID-19: UK Government Temporarily Suspends Wrongful Trading Rules to Assist Directors of Affected Companies

Given the many fast-paced UK government announcements of COVID-19-related measures, this Client Alert provides a summary, as of 28 March 2020, of the proposed changes to UK insolvency laws. As of 28 March 2020, the UK...more

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