Article

The Adler appeal: our key takeaways

Published Date
Jan 26, 2024
In this alert, we explore the key takeaways from the landmark Court of Appeal judgment setting aside the Adler restructuring plan, and what it means for future restructuring plans.
The Court of Appeal has handed down its much-awaited judgment on the appeal of Adler’s restructuring plan under Part 26A of the Companies Act 2006 that was sanctioned by the High Court last year after a contested hearing in which the plan faced strong opposition from a dissenting ad-hoc group of holders of Adler’s EUR 800 million 2029 senior unsecured notes. 

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About the
authors

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Josef Parzinger

Partner

Munich

His clients include distressed debt investors that he advises on the acquisition and restructuring of capital market instruments, lo...

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Joel Ferguson

Partner

London

Joel also has a significant amount of experience in enforcement and realisation proceedings and in respect of formal insolvency proc...

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Tim Watson

Partner

London

Tim specialises in advising funds and alternative asset managers on distressed investments and restructurings and has worked on a varie...
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Akshita Pandit

Associate

London

Her clients include distressed debt funds, banks, large corporates and other international financial institutions. During her time a...