Amicus Finance plc (in administration): High Court sanctions first mid-market restructuring plan, despite the opposition of secured creditor

On the 19th of August 2021, the English High Court sanctioned a Part 26A restructuring plan proposed by the administrators of Amicus Finance plc (in administration) (“Amicus”) for the company’s solvent exit from administration, enabling the company to be rescued as a going concern (the “Restructuring Plan”).

Filed under:
European Union, United Kingdom, Corporate Finance/M&A, Insolvency & Restructuring, Public, Dechert LLP, Brexit, Crowdfunding, Coronavirus
Authors:
Alastair Goldrein , Kay Morley , Solomon J. Noh , Adam Plainer , Tayyibah Arif , Eirene Psomas
Location:
European Union, United Kingdom
Firm:
Dechert LLP
European Restructuring Update: France Introduces New Accelerated Safeguard Proceedings

Summary

Filed under:
European Union, United Kingdom, USA, Insolvency & Restructuring, Public, Dechert LLP, Brexit
Authors:
Adam Plainer , Kay Morley
Location:
European Union, United Kingdom, USA
Firm:
Dechert LLP