DTEK: has the English High Court provided another option for restructuring New York law bonds?

In Re DTEK Finance BV,1 the English High Court decided that a change in the governing law of bonds from New York to English law, established a sufficient connection with the English jurisdiction for it to sanction the bonds' restructuring via a UK scheme of arrangement.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Mayer Brown
Authors:
Devi Shah , Henry Glen
Location:
United Kingdom
Firm:
Mayer Brown