United Kingdom restructuring plancross class cram downhmrc preferential creditor

Re Prezzo Investco Ltd

[2023] EWHC 1679 (Ch)

JurisdictionUnited Kingdom

CourtHigh Court of Justice, Chancery Division (Insolvency and Companies List)

Year2023

StatusPersuasive authority

Key Principle

The court may exercise its discretion to cram down HMRC under a Part 26A restructuring plan where the statutory conditions are met; there is no requirement to provide consideration to out-of-the-money plan creditors nor to discharge HMRC's post-commencement preferential liabilities in order to obtain sanction.

Area of Law

General

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Aabar Holdings S.A.R.L. and others v Glencore Plc and others [2026] EWHC 877 (Comm)

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

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