Ad hoc group challenges alleged “liquidation plan” as Adler sanction hearing opens
Credit: Shutterstock/Chrispictures
Noteholders objecting to German real estate group Adler’s UK restructuring plan argued that Adler is pursuing a “liquidation plan” rather than seeking to save the business as a going concern, on day one of a much-anticipated sanction hearing that is expected to raise novel jurisdictional questions.
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