Together with
Table of Contents
If you take just one thing from this email…
Restructuring plans are now a lifeline for struggling companies. A restructuring plan is a legal deal with creditors that lets a company cut debts or get more time to pay, instead of collapsing into insolvency.
The High Court approved River Island’s plan even though its landlords opposed it, because the landlords would still get more under the plan than if the business failed. This shows how UK law now prioritises saving companies while still giving creditors some protection.
EDITOR’S RAMBLE
Last week, I was in Chicago and decided to put this message on LinkedIn
I didn’t expect much from it (most of my LinkedIn connections are in the UK).
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