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English Court Refuses to Approve Waldorf Production’s Restructuring Plan, Citing Concerns as to “Fair Allocation” of Post-Restructuring Value

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Insolvency Insider
August 22, 2025

Kate Stephenson of Kirkland & Ellis explains why the English Court refused to sanction Waldorf Production’s Part 26A restructuring plan, which the Court characterised as being “designed in a pre-Thames world” with “clear echoes of the mistaken approach to out of the money creditors that was rejected in Thames Water”.