Restructuring Plans, Creditor Schemes, and other Restructuring Tools (Book and Digital Pack)

This book provides a comprehensive analysis of debt restructuring tools available in the UK, including the new restructuring plan under Part 26A of the Companies Act 2006 and emerging themes from related precedent case law. It is essential reading for insolvency and debt finance lawyers advising on financial restructurings in the UK and Ireland.

Format: Mixed media product
Length: 704 pages
Publication date: 22 March 2022
Publisher: Oxford University Press

This groundbreaking new publication offers the most comprehensive coverage of debt restructuring tools available in the UK, encompassing an in-depth analysis of the recently introduced restructuring plan under Part 26A of the Companies Act 2006, as well as emerging themes from related precedent case law. Serving as the first of its kind, this book provides a comprehensive examination of the new restructuring plan, offering valuable insights into its legal framework and practical application.

Part A of the book delves into the intricacies of the law and its practical implications, providing a detailed examination of the primary types of creditor schemes of arrangement and restructuring plans in the UK. It explores the various tools available to market participants and other key stakeholders, drawing upon the capital structures commonly observed in middle market and top tier European financings. By examining these tools in the context of different capital structures, the book aims to enhance the reader's understanding of the options available for debt restructuring.

Part B of the book takes a comparative approach, comparing company voluntary arrangements (including recent case law) with schemes and restructuring plans. This comparative analysis aims to shed light on the implications of the various tools available, enabling practitioners to make informed decisions about the most suitable approach for their clients. Part C of the book focuses on administration and receivership sales and appropriations under the Financial Collateral Arrangements Regulations for private and public companies. Written from a practitioner's perspective, it addresses practical issues and challenges that arise in these areas, providing valuable guidance for those involved in financial restructurings.

In addition to the core subject matters, the book includes chapters that analyze the distressed disposals regime in the Loan Market Association form of Intercreditor Agreement, liability management transactions under high yields notes/bonds, and scheme/restructuring plan-related pensions issues. These chapters provide a comprehensive overview of the various aspects of debt restructuring and offer valuable insights for practitioners working in this field.

This work is an essential resource for insolvency and debt finance lawyers advising on financial restructurings in the UK and Ireland. It provides practitioners with a deep understanding of the legal framework, practical considerations, and emerging trends in debt restructuring, enabling them to provide effective and tailored advice to their clients. With its comprehensive coverage and insightful analysis, this book is a must-read for anyone seeking to stay abreast of the latest developments in this dynamic area of law.

Weight: 1490g
Dimension: 181 x 253 x 47 (mm)
ISBN-13: 9780192845764