To the rescue: English restructuring plans for international companies (April 2022)
Client Briefings
Introduction
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In the latest 'super scheme' case Re Smile Telecoms Holdings Limited [2022] EWHC 740 (Ch), the English Court has reached a high-water mark in approving a restructuring plan under Part 26A of the Companies Act 2006 that allowed the exclusion of all creditors and shareholders who did not have an economic interest in the company from voting on a plan.
