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English schemes of arrangement, restructuring plans, insolvency proceedings and the impact of sanctions legislation
© Copyright LexisNexis 2024. All rights reserved.
24 November 2024
/
Author(s):
Philip Hertz
,
Michael Lyons
,
Rahim Darr
,
Dilara Topcu
,
Genevieve Morgan
This article explores the treatment of sanctioned creditors under English schemes of arrangement and restructuring plans, considering the impact of sanctions legislation on class structures and voting, the receipt of consideration and the impact of disenfranchisement in the context of bond restructurings. Separately, it also briefly considers the treatment of voting rights of sanctioned creditors in bankruptcy proceedings.
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