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The Adler appeal: our key takeaways

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.