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United Kingdom restructuring plancross class cram downpari passu

Re AGPS Bondco plc

[2023] EWHC 916 (Ch)
JurisdictionUnited Kingdom
CourtHigh Court of Justice, Business and Property Courts, Chancery Division (Companies Court), Leech J
Year2023
StatusPersuasive authority

Key Principle

A Part 26A restructuring plan may be sanctioned through the cross-class cram down in s.901G of the Companies Act 2006 despite a dissenting class, where the statutory conditions and the court's discretionary fairness assessment are met (the Adler plan) - though this first-instance sanction was subsequently set aside on appeal.

Area of Law

General

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Waterside Class Limited v Mowi ASA & Ors [2026] CAT 32

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