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Cross-Class Cram Down in UK Restructuring Plans: Virgin Active

United Kingdom - June 2 2021 Mr Justice Snowden’s recent judgment sanctioning the Virgin Active restructuring plans is significant for several reasons. Not only is it the first…

Andrew Wilkinson, Mark Lawford, Neil Devaney.

Extension of Restrictions on Statutory Demands, Winding Up and Suspension of Liability for Wrongful Trading to 30 June 2021

United Kingdom - March 25 2021 On Wednesday 24 March, the government confirmed that it will be extending the current temporary restrictions on statutory demands and winding-up…

Andrew Wilkinson, Gemma Sage, Mark Lawford, Matt Benson, Neil Devaney.

Connected party pre-packs: the new rules

European Union, United Kingdom - March 9 2021 On 24 February, the Government published draft regulations that, if implemented, will impose new restrictions on pre-pack administration sales to…

Aziz Abdul, Linton Bloomberg, Mark Lawford.

DeepOcean: The UK’s First Cross Class Cram Down Restructuring Plan

European Union, United Kingdom, USA - March 3 2021 On 28 January, the English High Court handed down the first ever judgment sanctioning a restructuring plan under Part 26A of the Companies Act 2006…

Andrew Wilkinson, Gemma Sage, Mark Lawford, Matt Benson, Neil Devaney.

European Restructuring Watch Alert: Extension of Restrictions on Statutory Demands, Winding up and Forfeiture to 31 March 2021

United Kingdom - December 9 2020 On 9 December 2020, the UK government gave businesses muchneeded breathing space with an extension of insolvency measures…