Waldorf – Another UK Restructuring Plan is Declined Sanction on the Basis of Fairness and Judicial Discretion

Sabina Khan of Squire Patton Boggs reports on the High Court’s recent refusal to sanction Waldorf Production’s restructuring plan, emphasising that judicial discretion remains the key hurdle for cram-downs under Part 26A, and considers the potential impact of Waldorf’s “leapfrog” appeal to the Supreme Court.

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