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Michael Todd KC

Michael Todd KC is the head of Erskine Chambers. Email: mtodd@erskinechambers.com


mtodd@erskinechambers.com

Articles by author

Restructuring debt in the COVID-19 pandemic: class composition in creditors’ schemes

In this article the authors consider recent developments in relation to class composition in creditors’ schemes. With reference in particular to Re Codere Finance 2 (UK) Limited [2020] EWHC 2441 (Ch), they consider whether benefits conferred “outside” the scheme in lock-up agreements may fracture a class of creditors, and the consequences for companies seeking to restructure debt. They also consider whether the recent introduction of Pt 26A restructuring plans may change the focus of class composition analysis going forward.

1 MAR 2021