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restructuring plancross class cram downlandlord tenant
Re River Island Holdings Limited
[2025] EWHC 2276 (Ch)
Key Principle
In sanctioning a leasehold Part 26A restructuring plan with cross-class cram down the court assesses the fair sharing of benefits and burdens (the restructuring surplus) among classes, the justification for differential treatment of landlords and shareholders, and whether the plan is a genuine attempt at a fair and reasonable solution rather than an imposition of arbitrary terms.
Area of Law
General
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