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scheme of arrangementcross bordernew money
Re ED&F Man Treasury Management Plc
[2020] EWHC 2290 (Ch)
Key Principle
A Part 26 scheme of arrangement may be sanctioned to restructure both English-law governed credit facilities and New York-law governed private placement notes into new secured instruments with a common maturity and covenant package, together with an opportunity for scheme creditors to provide new money, where the company faces imminent insolvency without the scheme.
Area of Law
General
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