Navigating The Allocation of Plan Benefits and Stakeholder Contributions in UK Part 26A Restructuring Plans

John Houghton, Rupert Cheetham and Adam Potter of Greenberg Traurig explain that post-Adler, Petrofac, and Thames Water, UK Part 26A plans can be sanctioned where companies rigorously evidence how restructuring benefits are created and fairly allocated by reference to stakeholder contributions, with the Argo Blockchain case illustrating the continued validity of the gifting principle, nuanced valuation of write-offs and new money, and the growing importance of early, documented stakeholder engagement.

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