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United Kingdom cross class cram downpart 26A

Re Virgin Active Holdings Ltd

[2021] EWHC 1246 (Ch)
JurisdictionUnited Kingdom
CourtHigh Court of Justice (Chancery Division)
Year2021
StatusPersuasive authority

Key Principle

Snowden J approved the first restructuring plan under Part 26A of the Companies Act 2006 involving cross-class cram down, where dissenting classes could be bound if no member of that class would be any worse off.

Area of Law

insolvency

Related Cases

The Joint Administrators of LB Holdings Intermediate 2 Limited v The Joint Administrators of Lehman Brothers International (Europe) and others (Waterfall I) [2017] UKSC 38
Fairfield Sentry Ltd v Migani [2014] UKPC 9
Singularis Holdings Ltd v PricewaterhouseCoopers [2014] UKPC 36

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