River Island and Poundland – a consolidated framework for the court’s exercise of cross class cram down discretion

Diallo Williams, Katharina Crinson and Ken Baird of Freshfields outline how in the River Island and Poundland restructuring plans, Sir Alastair Norris consolidated prior case law into an 11-point framework guiding the court’s discretion to sanction cross-class cram downs, clarified that passive dissent carries little weight, and endorsed the emerging use of “benefit reports” as a fairness cross-check.

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