Wed 05/12/2021 07:56 AM
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Relevant Document:
Judgment

Justice Snowden has sanctioned Virgin Active’s Part 26A Restructuring Plan. The decision is of great importance to English law insolvency practitioners as it demonstrates that the nascent Part 26A Restructuring Plan can be used to bind dissenting landlords to a plan. It also demonstrates a further use of the cross-class cramdown power.

Snowden J was satisfied that the most likely alternative to the plan is an administration, and that none of the members...
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