Restructuring plans under review – AGPS Bondco and beyond

Radford Goodman and Nick Payne of Mishcon de Reya explain why recent legal scrutiny of restructuring plans, particularly following the AGPS BondCo case, highlights evolving judicial attitudes towards creditor engagement and the potential tightening of the "fairness" test, signalling that courts may impose stricter requirements on companies seeking to implement such plans in the future.