In a significant further application of the Court of Appeal’s reasoning in Adler, Thames Water and Petrofac, the High Court declined to sanction a cross-class cram down restructuring plan proposed by Waldorf Production UK Plc.
United Kingdom, Insolvency & Restructuring, Litigation, Tax, Freshfields, HM Revenue and Customs (UK), Office of Foreign Assets Control (USA), Companies Act 2006 (UK)