Poundstretcher Limited: High Court Sanctions Retail Restructuring Plan and Cross-Class Cram Down

Elaine Nolan and Gabe Harley of Keystone Law look at the High Court’s sanction of Poundstretcher’s Part 26A restructuring plan, detailing the cross-class cram down of six dissenting creditor classes, substantial landlord compromises and shareholder equity retention supported by new funding and evidence that creditors were better off than in administration.

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