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United Kingdom class compositionconvening

Re Port Finance Investment Ltd

[2021] EWHC 378 (Ch)
JurisdictionUnited Kingdom
CourtHigh Court of Justice (Chancery Division)
Year2021
StatusPersuasive authority

Key Principle

At a convening hearing the court decides class composition; a consent/early-bird fee, or an option offered to all creditors on equal terms, does not fracture a class unless in substance it is disguised consideration material enough to influence votes, and adviser fees conditional on sanction require scrutiny to ensure they are genuine remuneration rather than a fracturing inducement.

Area of Law

General

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

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