Court of Appeal upholds scheme classes decision in Boart Longyear restructuring

The New South Wales Court of Appeal has, in a decision that has surprised many practitioners, dismissed an appeal which challenged the composition of classes in the creditors’ scheme of arrangement involving Boart Longyear Limited.1

Filed under:
Australia, New South Wales, Banking, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Liquidation, New South Wales Court of Appeal
Authors:
Paul Apáthy , Andrew Rich
Location:
Australia
Firm:
Herbert Smith Freehills LLP