High Court orders pre-action disclosure in respect of Liability Management Exercise

Andrew Cooke, Ceri Morgan and Matthias Steiner of HSF Kramer report that the High Court ordered targeted pre-action disclosure of documents relating to Hurtigruten’s out-of-court restructuring, clearing the way for minority lenders to assess a potential claim against Kroll and majority creditors seeking to unwind the liability management exercise as an abuse of majority power.

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