In recent years, restructuring plans have become an increasingly popular tool for financially distressed companies seeking to navigate turbulent times. Yet while the benefits for debt-laden companies are clear, more needs to be done to safeguard the interest of creditors, write Opus Business Advisory partners Frank Ofonagoro and Gary Lee.
Since their introduction under the Corporate Insolvency and Governance Act 2020, restructuring plans have become an increasingly popular tool for companies facing financial distress. Designed to offer a flexible, court-sanctioned restructuring process, restructuring plans, often referred to simply as “RPs”, have…