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United Kingdom
class compositionconvening
Re Port Finance Investment Ltd
[2021] EWHC 378 (Ch)
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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