VIDEO - Use of schemes as UK debt restructuring tools

Our video, Use of schemes as UK debt restructuring tools, provides insight into the circumstances in which schemes can be used in restructuring transactions where there are minority hold-out creditors and it is not possible to reach unanimous (or near-unanimous) approval thresholds for desired amendments to the finance documents and/or the capital structure.

Three panelists share their views on forum-shopping (including the use of UK schemes by foreign companies to modify foreign debts), Brexit and insolvency law reform.

Watch the Schemes as UK debt restructuring tools video

NOTE: this video was filmed before the onset of the COVID-19 pandemic and the announcement of changes to the UK’s insolvency regime so should be viewed with that in mind.

Read our earlier, related post on US group uses an English scheme of arrangement to restructure its debts.