McDermott’s parallel restructuring proceedings: UK restructuring plan meets the Dutch WHOA

Omar Salah, James Stonebridge, Bas van Hooijdonk and Jan de Wit of Norton Rose Fulbright discuss the key issues in McDermott — the first-ever restructuring implemented by combining the UK Restructuring Plan under Part 26A of the Companies Act 2006 (CA) and the Dutch WHOA (the acronym for the Wet Homologatie Onderhands Akkoord) — and what this could mean for future restructurings involving parallel proceedings.

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