Tim Bennett

Jul 25, 2024 | lexology.com | Bruce Bell |Tim Bennett

Despite three recent landmark UK restructuring plan decisions, uncertainty remains around the value, if any, a plan company should offer dissenting creditors as the “deliverability price” of a plan. Since the introduction of restructuring plans in 2020, the approach taken by the court in the exercise of its discretion to cram down a dissenting creditor class has gradually become clearer through a series of first instance decisions.