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We predictedground-breaking cases for restructuring plans as they evolve alongside parallel proceedings in various jurisdictions and 2024 has not disappointed. Recently, Thames Water, Britain’s biggest water supplier, has launched a restructuring plan to address its US$19.6 billion of debt, with the sanction hearing anticipated to take place in January 2025.
On 29 November 2023, the Court of Appeal handed down its judgment in Churchill v Merthyr Tydfil County Borough Council [2023] EWCA Civ 1416, ruling that courts can order parties to engage in alternative dispute resolution (ADR), including mediation. This signifies an important shift by the courts of England and Wales in their approach to mediation.
UK: Arbitration Clauses: 10 Reasons Why You Should Consider English Law And A London-Seated Arbitration For Dispute Resolution 05 April 2022 by Fiona Cain and Charlotte Mullis Haynes and Boone Dispute resolution clauses in a contract provide the parties with an agreed approach to resolve any disputes that arise under the contract.
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