Hannah Plumb

Apr 4, 2024 | lexology.com | Heather Lennox |Corinne Ball |David Harding |Ben Larkin |Dan Moss |Hannah Plumb

In Short The Situation: Following the seminal Adler judgment, the English Court has now ruled on a further two contested restructuring plans ("RPs"). These two judgments provide important commentary relevant to all parties considering or affected by a RP.

Feb 6, 2024 | lexology.com | Heather Lennox |Corinne Ball |David Harding |Ben Larkin |Dan Moss |Hannah Plumb

In ShortThe Situation: The Adler Group sought to restructure more than €6 billion of debt by means of a UK restructuring plan ("RP"), to give itself a runway for a planned wind-down and asset sales, leading to an enhanced return for creditors when compared against an immediate insolvency. The RP sought to retain a phased maturity of the senior unsecured notes.