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Corporate Restructuring Pari Passu Insolvency

Dechert LLP

English Court of Appeal Overturns Adler’s Restructuring Plan

Dechert LLP on

There is an enhanced framework for the court to exercise its discretion to sanction a restructuring plan involving a cross-class cram-down ("CCCD"). This test involves a review of the relative benefits to the assenting and...more

Conyers

Cayman Islands Restructuring: Cross-Class Cram Downs and Competing Valuations

Conyers on

On 21 April 2023, the English High Court handed down its written reasons for sanctioning the Adler Group restructuring plan proposed under the new Part 26A regime of the UK’s Companies Act 2006, which raised questions...more

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