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Articles

River Island and Poundland - a consolidated framework for the court’s exercise of cross class cram down discretion

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By Katharina Crinson, Ken Baird, Diallo Williams
| freshfields.com
The UK retail sector faces ongoing challenges from shifts in consumer behaviour and persistent economic pressures. In this light, Part 26A of the Companies Act 2006 has become a vital mechanism for struggling companies, enabling them to undertake a holistic restructuring, effectively using one process rather than combining the Part 26 scheme technology with the CVA as had been the case prior to the introduction of the restructuring plan.
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