Restructuring plans: where next?

The team at Slaughter and May summarise recent appellate decisions and a new Practice Statement, which have reshaped how English courts assess fairness in Part 26A restructuring plans, particularly for out-of-the-money creditors, requiring plan companies to evidence good-faith engagement, transparent value allocation, and fair benefit-sharing before securing court approval, signalling a maturing but still evolving phase for cross-class cram-down practice.

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