Fri 06/04/2021 05:00 AM
The Part 26A Restructuring Plan, or RP, has been subject to a gradual yet significant evolution in the 12 months since its enactment by
CIGA 2020. The RP sits alongside the existing scheme of arrangement and company voluntary arrangement, CVA, in the English restructuring toolkit, however practice has shown that it can be used in place of either or both in a large-scale, cross-capital structure restructuring.
With each subsequent RP brought before the English High Court for sanction,...
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