Since its introduction in 2020, we’ve seen the Restructuring Plan process used by a number of businesses, including: Virgin Atlantic Airways, DeepOcean, Virgin Active, and Prezzo. A Restructuring Plan can be used for both SMEs and large corporates. Read our case study below where we advised on the landmark first use of the legislation to secure the future of an SME in distress.
Our expert lawyers have advised a range of businesses looking at entering into a Restructuring Plan, including advising on the landmark case of Re Houst Limited, the first SME restructuring plan. We’ve also advised creditors of companies which are affected by a proposed Restructuring Plan who need advice about their position and the compromise they’re…