Wind beneath my wings? Virgin Active probes court’s role in contested plans
Credit: Shutterstock.com/TatjanaRussita
On the fourth day of its contested UK plan hearings, counsel to Virgin Active, its secured lenders and opposing landlords clashed on how far the courts should assess the merits of restructuring plans: does satisfaction of the two conditions in Part 26A give the company “a fair wind”, or should the court be looking to see if something better is “waiting in the wings"?
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