Towards “orderly and efficient resolution”: the new practice statement in respect of schemes of arrangement and restructuring plans

Charles Balmain, Ben Davies, Morvyn Radlow, John Rogerson, Will Stoner, Swati Tripathi and Serene Reza of White & Case describe the new Practice Statement for schemes and restructuring plans, including how it frontloads disclosure and creditor engagement to streamline proceedings and ensure proportionate use of court resources, raising the evidentiary bar for companies seeking sanction.

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