Prezzo - Restructuring plan sanctioned and HMRC crammed down in a departure from GAS and Nasmyth

On 5 July 2023, the High Court sanctioned the restructuring plan proposed by Prezzo Investco Limited (theCompany) despite opposition from HMRC.

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Freshfields Bruckhaus Deringer, HM Revenue and Customs (UK)
Authors:
Alice Gossop , Katharina Crinson , Ken Baird
Location:
United Kingdom
Firm:
Freshfields Bruckhaus Deringer
GAS - HMRC successfully opposes another restructuring plan by challenging the expert evidence and overall fairness

On 16 May 2023, Mr Justice Adam Johnson in the High Court refused to sanction the restructuring plan proposed by The Great Annual Savings Company Limited (GAS) following objections from HMRC.

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, Freshfields Bruckhaus Deringer, HM Revenue and Customs (UK)
Authors:
Craig Montgomery , Frank Clarke , Katharina Crinson , Alice Gossop
Location:
United Kingdom
Firm:
Freshfields Bruckhaus Deringer
Prezzo - Restructuring plan sanctioned and HMRC crammed down in a departure from GAS and Nasmyth

On 5 July 2023, the High Court sanctioned the restructuring plan proposed by Prezzo Investco Limited (theCompany) despite opposition from HMRC.

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Freshfields Bruckhaus Deringer, HM Revenue and Customs (UK)
Authors:
Alice Gossop , Katharina Crinson , Ken Baird
Location:
United Kingdom
Firm:
Freshfields Bruckhaus Deringer