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Judgment handed down by the High Court in first mid-market restructuring plan (Re Amicus Finance plc (in administration)

Published on: 30 November 2021
Published by: LexisPSL
  • Judgment handed down by the High Court in first mid-market restructuring plan (Re Amicus Finance plc (in administration)
  • Background
  • Terms of the restructuring plan
  • Restructuring plan meetings
  • Sanction hearing
  • Judgment
  • Practical implications

Article summary

Restructuring & Insolvency analysis: On 19 August 2021, the High Court sanctioned the restructuring plan of Amicus Finance plc (in Administration) (Amicus). This is the first restructuring plan of a company in administration and the first in the mid-market, following the introduction of this new restructuring tool in June 2020 by the Corporate Insolvency and Governance Act 2020. Written by Steve Cottee and Serena McAllister of Pinsent Masons LLP, who acted for the joint administrators of Amicus Finance plc. or take a trial to read the full analysis.

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