English court refuses HMRC cramdown
Credit: Shutterstock/superjoseph
Engineering group Nasmyth has failed to persuade the English High Court to cram down the UK tax authority, with Mr Justice Leech reasoning there was no “pressing need” to approve its restructuring plan, which would not have been able to take effect in the absence of HMRC’s goodwill.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Register now
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now