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Covenants: 90%/100% Consent Can be Bypassed Using Scheme, Part 26A Plan(Nov. 17, 2020)

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CHAPTER

Flexibility in Implementing Amendments and Restructuring Processes in England

This chapter explores part 26A of the Companies Act in England, discussing the flexibility it provides in implementing amendments and restructuring processes, the processes a borrower needs to follow, jurisdictional hurdles, real-life examples, and similarities with the scheme of arrangement. It also delves into the availability factors and court hearings involved in both the scheme and the restructuring plan.

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