Five years of restructuring plans: Stability midst the shifting stands at last?

Overview

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, DAC Beachcroft LLP, HM Revenue and Customs (UK), Office of Foreign Assets Control (USA)
Authors:
Joe Bannister , Rachel Yafet
Location:
United Kingdom
Firm:
DAC Beachcroft LLP
The Thames Water Restructuring Plan in the Court of Appeal: A question of Fact and Discretion

Overview

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, DAC Beachcroft LLP, Companies Act 2006 (UK)
Authors:
Joe Bannister , Rachel Yafet
Location:
United Kingdom
Firm:
DAC Beachcroft LLP
Cross Class Cram Down: A way forward or a return to the rocky horror show?

Background

The defining feature of the restructuring plan, which was introduced by the Corporate Insolvency and Governance Act 2020, is the "cross class cram down" ("CCCD") mechanism it introduces as a means of imposing a settlement on recalcitrant creditors.

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, DAC Beachcroft, Coronavirus, Insolvency, Companies Act 2006 (UK), Corporate Insolvency and Governance Act 2020
Authors:
Joe Bannister , Rachel Yafet
Location:
United Kingdom
Firm:
DAC Beachcroft
Woodford: A line is drawn - The High Court approves the Link Fund Solutions Scheme of Arrangement

On 9 February, the High Court handed down its judgement on Re Link Fund Solutions Ltd [2024] EWHC 250 (Ch) (the "Link Case").

Filed under:
United Kingdom, Capital Markets, Insolvency & Restructuring, Litigation, DAC Beachcroft, Financial Conduct Authority (UK), Companies Act 2006 (UK), Financial Services and Markets Act 2000 (UK)
Authors:
Joe Bannister , Giles Hindle , Rachel Yafet
Location:
United Kingdom
Firm:
DAC Beachcroft