The chapter explores the approval of the Adler restructuring plan by the English High Court, focusing on cross-class cram down conditions, challenges by creditors, expert evidence comparison, and the judge's consideration of valuation evidence before sanctioning the plan. It highlights the significance of fair treatment among creditors and the court's scrutiny of the plan's departure from established principles. The discussion also touches on recent judgments regarding cross-class cram down, the treatment of shareholders, and valuable guidance on valuation issues provided by Justice Snowden.
In the latest entry in Reorg’s Expert Views series, Industry Experts Mandip Englund, Partner at law firm Fried Frank and Jo Hewitt, Managing Director at Alvarez and Marsal join Reorg's Legal Director, Shan Qureshi to dissect the Court of Appeal Judgment overturning the sanction of Adler’s Restructuring Plan and consider what this means for the future of the restructuring & insolvency industry.
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