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Alexandra Wood

Alexandra Wood is Counsel in the Restructuring practice at Mayer Brown International LLP. She advises on multi-jurisdictional restructurings and acts for a wide range of clients including financial institutions, insolvency practitioners, corporates, directors, pension trustees and corporate trustees.

awood@mayerbrown.com

Articles by author

“Credit bidding” unsecured debt in an administration

In the recent case of Re Sova Capital Limited (in special administration) [2023] EWHC 452 (Ch), the English High Court approved a structure which was, in substance, a “credit bid” by an unsecured creditor. In this article, the authors explore the High Court’s reasoning and highlight key points to be considered by insolvency officeholders looking to replicate this structure as a means of asset realisation.

1 JUL 2023