United Kingdom restructuring planpart 26asanctions

Re SGB-SMIT GmBH

[2023] EWHC 1067 (Ch)

JurisdictionUnited Kingdom

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

Year2023

StatusPersuasive authority

Key Principle

On sanctioning a Part 26A restructuring plan, the court has no free-standing power to impose modifications on a plan already approved at creditor meetings; it may sanction or refuse to sanction the plan as approved but cannot rewrite its terms.

Area of Law

General

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