Devi Shah

Sep 3, 2024 | lexology.com | Tina Hoffmann |Malte Richter |Inga Rupp |Stefanie Skoruppa |Marco Wilhelm |Nicola Hughes | +5 more

Find out more about Lexology or get in touch by visiting our About page. RegisterTo view this article you need a PDF viewer such as Adobe Reader. If you can't read this PDF, you can view its text here. Go back to the PDF. France, Germany, United KingdomSeptember 3 2024INSOLVENCY CHALLENGE RIGHTS Germany / England and Wales / France September 2024 INTRODUCTION The overall principle of the insolvency laws of many countries is the equal treatment of the creditors of the insolvency debtor.

Jul 10, 2024 | mondaq.com | Louis S. Chiappetta |Tyler Ferguson |Devi Shah |Joshua Gross

They say every man needs protection, they say that every man must fall.1 For over 40 years, "the bankruptcy community has recognized the resolution of mass tort claims as a widely accepted core function of bankruptcy courts," and a "key feature in every mass tort bankruptcy" has been the non-debtor release.2 These releases are granted in favor of parties that have not filed their own bankruptcies (e.g., directors, officers, shareholders, and affiliates of bankrupt companies).

Apr 1, 2024 | mondaq.com | Devi Shah |Nicola Hughes |Alexandra Wood

In the first appeal of a restructuring plan under Part 26A Companies Act 2006, the English Court of Appeal unanimously set aside the first instance decision sanctioning the plan proposed by AGPS BondCo PLC, part of the Adler real estate group 1. The Court of Appeal addressed issues concerning the exercise of the cross-class cram-down power and the process and timetable for the conduct of restructuring plans where the Court is being asked to exercise that power.

Mar 27, 2024 | jdsupra.com | Nicola Hughes |Devi Shah |Alexander Wood

SUMMARYIn the first appeal of a restructuring plan under Part 26A Companies Act 2006, the English Court of Appeal unanimously set aside the first instance decision sanctioning the plan proposed by AGPS BondCo PLC, part of the Adler real estate group1. The Court of Appeal addressed issues concerning the exercise of the cross-class cram-down power and the process and timetable for the conduct of restructuring plans where the Court is being asked to exercise that power.

Mar 12, 2024 | mondaq.com | Musonda Kapotwe |Devi Shah |Alexandra Wood

The UK government ("HM Treasury") has launched a setting out its proposals to amend the UK special resolution regime ("SRR") to direct that the UK depositor guarantee scheme is used to fund the resolution of small non-systemic banks, building societies and other financial institutions falling within scope of the SRR (each a "bank").