Use of schemes as UK debt restructuring tools

We provide insight into the circumstances in which schemes can be used in restructuring transactions where there are minority hold-out creditors and it is not possible to reach unanimous (or near-unanimous) approval thresholds for desired amendments to the finance documents and/or the capital structure.

Three panelists share their views on forum-shopping (including the use of UK schemes by foreign companies to modify foreign debts), Brexit and insolvency law reform.

NOTE: This video was filmed before the onset of the COVID-19 pandemic and the announcement of changes to the UK’s insolvency regime so should be viewed with that in mind.