Webinar: Regime change in European restructurings?
The UK’s new Restructuring Plan procedure offers distressed companies a powerful tool to implement a financial restructuring. Notable for its ability to impose solutions on a dissenting class of creditors, it sits alongside the Scheme of Arrangement which has. The European Restructuring Directive means that such tools will increasingly become available – across the EU27. Significantly, both Netherlands and Germany look set to introduce their own court sanctioned restructuring plans in 2021, each already gaining interest among lenders and investors for what they might offer.
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