Can the Taxman Say No: Restructuring Plans and the Status of HMRC as an Unwilling Creditor

Martin Kotsev of Morton Fraser MacRoberts reviews the courts’ decision to sanction Waldorf’s restructuring plan over HMRC’s objections, confirming that HMRC has no special veto over a restructuring plan and that tax debts may be compromised through cross-class cram-down.

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