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News

Marginal Grains - Frozen out in Odessa

Madison Pacific Trust Limited v (1) Sergiy Groza and (2) Volodomyr Naumenko ([2024] EWHC 267).On 8 February 2024, the High Court delivered judgment against two individuals who applied to...

News

Adler on Appeal – Adler plan set aside in first ever appeal of an English restructuring plan

On 23 January 2024, the English Court of Appeal set aside the April 2023 order of the High Court sanctioning the English Part 26A restructuring plan (the “Plan”) proposed by...

News

HMRC 2: 1 debtor - English Court refuses to sanction Nasmyth’s restructuring plan cramming down HMRC

Following active opposition by HMRC, on 28 April 2023 the English High Court (Mr Justice Leech) refused to sanction a restructuring plan under Part 26A of the Companies Act 2006 between...

News

Fixed or floating? The English High Court considers the nature of security granted by Avanti

The administrators of Avanti Communications Limited (the “Company”) sought directions from the High Court as to whether purported fixed charges in favour of the secured lenders...

Insights and Analysis

Global airline restructurings and U.S. Chapter 11: The benchmark for comprehensive restructurings

This article, written by David Simonds and Alex Kay, partners at Hogan Lovells, and Fred Vescio, a Managing Director at Houlihan Lokey, and recently published by Airline Economics, provides ...

News

English court sanctions contested restructuring plan for the Adler Group

On 12 April 2023, the English High Court (Mr Justice Leech) sanctioned the restructuring plan between AGPS BondCo plc (the “Plan Company”), and six classes of its creditors...

News

Creditor Duty – the position after the Supreme Court decision in BTI v Sequana and Others

The Supreme Court’s decision in BTI v Sequana & Others represents the most significant ruling on the duties of directors of distressed companies of the past 30 years.This...

News

Sanctions no bar to sanction: Nostrum Oil & Gas PLC’s scheme of arrangement

Nostrum Oil & Gas PLC’s scheme of arrangement under Part 26 of the Companies Act 2006 (the “Scheme”) was sanctioned on 26 August 2022, with the “scheme effective ...

News

UK company insolvencies increase significantly in Q2 2022

The quarterly UK insolvency statistics (covering April to June 2022 inclusive) were released on 2 August 2022. They show that there has been an 81% rise in company insolvencies in England...

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