Fakhry V Pagden & Anor: Court of Appeal Confirms That Members’ Voluntary...
On 15 September 2020, the Court of Appeal overturned a High Court decision, which threatened the corporate autonomy of majority shareholder decision making by ordering the restoration of three venture...
View ArticleU.K. Court Sanctions First New Restructuring Plan for Virgin
In June 2020, the Corporate Insolvency and Governance Act came into force, introducing a new restructuring tool into Part 26A of the Companies Act 2006. On 2 September 2020, the U.K. Court sanctioned...
View ArticlePizza Express to Use Part 26A Restructuring Plan
On 30 September 2020, the English High Court granted PizzaExpress Financing 2 plc (“Company” or “Pizza Express“) permission to proceed to the creditors’ meeting stage of its proposed Part 26A...
View ArticleFederal Court of Australia Sheds Light on What It Means to “Give Possession”...
On 7 October 2020, the Full Federal Court of Australia handed down its judgment in Wells Fargo Trust Company, National Association (trustee) v VB Leaseco Pty Ltd (administrators appointed) [2020]...
View ArticleCase Summary: Sunbird Scheme Sanctioned
On 16 December 2020, Justice Snowden sanctioned Sunbird Business Services Limited’s (“Sunbird”) Scheme of Arrangement having previously reserved his decision to allow the company to provide written...
View ArticleLook Before You Leap: A Warning to Creditors on the Importance of Considering...
Authored by Rebecca Terrace, Charlotte Møller & Colin Ashford The recent case of Arlington Infrastructure Limited (in administration) 1 demonstrates the importance of complying with the conditions...
View ArticleA Reminder on the Interplay of the Gibbs Rule and CBIR – Gunel Bakhshiyeva v...
At midnight on 31 December 2020, the Brexit transition period came to an end and although the announcement in the days before that a deal had been reached brought relief for many sectors, the deal did...
View ArticleMAB Leasing Limited’s Proposed Scheme of Arrangement – English High Court...
On 20 January 2021, the English High Court approved MAB Leasing Limited (“MABL“) to convene a single meeting of a single class of creditors to consider the proposed scheme. The affected creditor group...
View ArticleTo Be or Not to Be…a Director?
When involved in the management of a company, there is a risk, particularly at a more senior level, of individuals being deemed a director without necessarily knowingly and deliberately being...
View ArticleUnwinding Government Support – What Should Directors Do Now…
Avid readers of this blog, insolvency aficionados, or anyone who may have glimpsed the news over the past year will not have failed to notice that substantial government support packages were put in...
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