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.
In the latest instalment in our Covenant Conversations podcast, Shweta Rao and guest Shan Qureshi discuss how consent thresholds, particularly those applicable for inserting a new tranche of super senior debt, are in the spotlight after Serta Simmons, Boardriders and Trimark.
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