UK court confirms that the lonely soliloquies of one cannot be a meeting when considering Argo Blockchain’s Restructuring Plan

Rebecca Terrace of Squire Patton Boggs reports that in Re Argo Blockchain Plc the High Court held that a valid Part 26A restructuring plan meeting requires at least two creditors physically present, with a sole chair holding multiple proxies insufficient to constitute a “meeting”, meaning proxy-only approval can render a class technically dissenting and force reliance on cross-class cram down.

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