GLOSSARY

Part 26A restructuring plan or restructuring plan definition

Produced in partnership with Dina Wadia of J Sagar Associates

What does Part 26A restructuring plan or restructuring plan mean?

A restructuring plan proposed under Part 26A of the Companies Act 2006, created by CIGA 2000 similar in many ways to schemes but subject to CCCD and having no numerosity requirement. For a class to vote in favour, 75% of a class by value must agree to the plan.

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