Tue 08/30/2022 09:56 AM
Relevant Documents:
Sanction Judgment
Convening Skeleton
Sanction Skeleton
The flexibility and pragmatic approach of judges in the English High Court with respect to schemes of arrangement has allowed Kazakhstan-focused Nostrum Oil & Gas to achieve the sanction of its scheme. The scheme is notable as over 7% of scheme creditors were disqualified persons under sanctions related to the war in Ukraine.
Nostrum found itself restricted as to how it could deal with those disqualified...
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