Topic: Scheme of arrangment

Cryptocurrency lender and asset management group Babel has secured a single creditor meeting for a scheme of arrangement that will pool all claims against separate group entities, after a Singaporean court dismissed an objection by a creditor who said it should be in a separate class.

27 November 2023

Barcelona-headquartered paper maker Lecta has won sanction of its second English scheme of arrangement in three years, after receiving overwhelming creditor support at voting.

24 November 2023

Pharmaceutical investment holding company Pa Shun International has secured approval of a scheme of arrangement through the Hong Kong courts to restructure HK$180 million in bonds and unsecured loans, including claims governed by PRC law.

23 November 2023

A UK security group has won sanction of a scheme of arrangement that had unanimous support from creditors, after a court allowed it to include a provision protecting a Luxembourg subsidiary of Russia’s Gazprombank from any targeted abusive voting against it.

23 November 2023

A German data centre operator has been allowed to convene a single class of creditors to vote on an English scheme of arrangement that will compromise two loan facilities totalling €265 million that are due to mature in August 2024.

15 November 2023

Senior managing director Alexis Anaman and managing director Jonathan Dyer at FTI Consulting in London give a brief overview of the considerations for valuing businesses in distress, assess how valuation has been treated in real-life restructuring situations, and point to the emerging focus of ESG considerations in the valuation process.

15 November 2023

Global paper manufacturer Lecta has obtained permission to hold a single meeting for creditors to vote on its second English scheme of arrangement in three years, which is part of a wider group refinancing.

02 November 2023

A Northern Irish interiors company has entered liquidation in the Republic of Ireland after a local court declined to sanction its examinership scheme on class composition grounds, in what has been described as “by far the most detailed judicial analysis” of class composition since the examinership process came into force.

19 October 2023

UPDATED: More than two years after completing a debt restructuring and a separate recapitalisation, global paper manufacturer Lecta has reached a refinancing agreement with shareholders and creditors that will be implemented through an English scheme and Spanish homologación process.

18 October 2023

A British energy supplier that has been in administration for more than two years has secured the English High Court’s approval to convene a meeting for creditors to vote on a scheme that would help it deal with up to 300,000 customer claims for data breaches under the GDPR.

17 October 2023