Vroon: sanctioning court “struggled” with slicing through seven years of restructuring efforts

Vroon: sanctioning court “struggled” with slicing through seven years of restructuring efforts

An English court has explained it would still have sanctioned shipping group Vroon’s seven-years-in-the-making scheme of arrangement, even if objecting shareholders had persuaded it that the relevant comparator was an orderly and solvent wind-down, not an insolvent liquidation.

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