Class Wars, Cram Downs and Share Pledge Enforcements: English Schemes of Arrangement to Date in 2020
By EsqSocial Corporation 19/10/20
Cram-Down There has been much commentary on the new restructuring plan which is modelled on the existing scheme of arrangement but includes cross-class cram-down powers afforded under section 901G of the new Part26A of the Companies Act. Such flexibility draws on inspiration from Chapter 11 in the United States, and its omission from the UK…...
By: McDermott Will & Emery