United Kingdom scheme of arrangementcross border recognitionnew money

Re Standard Profil Automotive GmBH

[2025] EWHC 2313 (Ch)

JurisdictionUnited Kingdom

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

Year2025

StatusPersuasive authority

Key Principle

On sanctioning a Part 26 scheme of arrangement restructuring English-law senior secured notes of a German company, the court held that incentive 'elevation' mechanics encouraging participation in new money attract less scrutiny in a scheme (with overwhelming creditor support) than in a Part 26A restructuring plan, and that the scheme remained likely to be recognised abroad.

Area of Law

General

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