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English Court Approves Enzen Part 26A Restructuring Plans in First Case With HMRC Active Support

Jessica Ling and Dominik Young of Paul Hastings explain why the Court’s recent approval of Enzen’s Part 26A restructuring plans will be viewed with interest by other companies in the mid-market space that may otherwise be deterred from using the restructuring plan and the cross-class cramdown tool by recent high-profile large-cap restructuring plans which have turned litigious.