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 examine McDermott’s parallel restructuring proceedings in the UK and the Netherlands, sharing that the case might mark a first step towards reconsidering the rights of out-of-the-money creditors in an English restructuring plan.

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