- Steinhoff holding company scheme of arrangement sanctioned (Re Steinhoff International Holdings NV)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
- Case details
Restructuring & Insolvency analysis: The High Court has sanctioned a scheme of arrangement in respect of the ultimate holding company of the Steinhoff Group, a retailer based in South Africa in financial difficulties since apparent accounting issues were discovered in 2017. The scheme was sanctioned despite objections raised by Conservatorium Holdings LLC. Written by Phillip Patterson, barrister at Hardwicke.
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