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restructuring plancross bordercross class cram down
Re Ambatovy Minerals SA
[2025] EWHC 279 (Ch)
Key Principle
A Part 26A restructuring plan may be sanctioned, with cross-class cram down, in respect of foreign (Malagasy) companies that have a sufficient connection with England, including where the contributing/assenting creditors are also the shareholders injecting new money, provided the plan is fair and likely to be effective in the relevant foreign jurisdictions.
Area of Law
General
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