Legal News

Restructuring plans and SMEs (Re Amicus Finance plc)

Published on: 29 November 2021
Published by: LexisPSL
  • Restructuring plans and SMEs (Re Amicus Finance plc)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?

Article summary

Restructuring & Insolvency analysis: This case concerned the sanction of a restructuring plan put forward by the administrators of Amicus Finance plc (‘Amicus’). The decision is a significant one in that it was the first restructuring plan proposed by insolvency officeholders and the first in respect of a mid-market business. The decision also involved the use of the ‘cross-class cram down’ procedure under section 901G of the Companies Act 2006 (CA 2006) of a class of senior secured creditors of the company. Written by Marcus Haywood, barrister, South Square who acted for the administrators of Amicus. or take a trial to read the full analysis.

Popular documents