19 min
EMEA Covenants: The New Part 26A Tool in Practice; Increasing Scheme Challenges by Creditors Reorg Radio
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- Business
Reorg’s Head of EMEA Covenants Shweta Rao speaks to Senior Legal Analyst Shan Qureshi about:
How the cross-class cramdown tool in the new Part 26A works in practice, with debtors able to bind whole classes of dissenting creditors to their plans;
How the usefulness of the Part 26A plan has been curtailed across Europe due to Brexit and English Courts’ interpretation of the tool’s application - local law recognition procedures across Europe will need to be examined on a case-by-base basis; and
How both schemes and part 26A plans are hard to successfully challenge.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.
Reorg’s Head of EMEA Covenants Shweta Rao speaks to Senior Legal Analyst Shan Qureshi about:
How the cross-class cramdown tool in the new Part 26A works in practice, with debtors able to bind whole classes of dissenting creditors to their plans;
How the usefulness of the Part 26A plan has been curtailed across Europe due to Brexit and English Courts’ interpretation of the tool’s application - local law recognition procedures across Europe will need to be examined on a case-by-base basis; and
How both schemes and part 26A plans are hard to successfully challenge.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.
19 min