Topic: Scheme of arrangment

Two schemes, two years: Chinese medical equipment supplier pursues Cayman restructuring

Dechert has been brought in to advise Cayman Islands-incorporated, Hong Kong-listed medical equipment supplier Yestar Healthcare in its second restructuring in two years, with Hogan Lovells returning for noteholders.

07 December 2023

New Silkroutes scheme sanctioned in Singapore

Singaporean healthcare and energy holding company New Silkroutes has obtained sanction of a pre-packaged scheme in Singapore through which its largest unsecured creditor, a Canadian real estate investment group, is set to take a majority stake in the company.

06 December 2023

E-House wins sanction of parallel interconnected schemes

Chinese real estate services group E-House has won sanction of parallel schemes of arrangement in Hong Kong and the Cayman Islands, as it prepares to re-file for Chapter 15 recognition after its first Cayman scheme broke down last year.

29 November 2023

Babel secures Singaporean scheme meeting

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

Global paper manufacturer Lecta secures second scheme sanction

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

Pharma holdings group secures scheme sanction in Hong Kong

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

Security group wins English scheme with amendments for sanctioned entity

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

German IT services group secures single class English scheme meeting

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

Valuation in restructuring contexts and the impact of ESG

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

Barcelona-headquartered Lecta secures English scheme meeting

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

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