Court awards first security for costs order in respect of a challenge to a restructuring plan

Christopher Poel, Joel Ferguson, Nick Charlwood and Susanna Charlwood of A&O Shearman warn dissenting creditors in contested restructuring plan proceedings to nevertheless be weary of making their own applications for security for costs in the wake of the High Court’s decision in Consort Healthcare, explaining that the exercise of discretion in this case was tied closely to the specific facts of the matter.

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