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Sunbird takes flight—High Court grants an order convening a single meeting of creditors for the purposes of considering a scheme of arrangement (Re Sunbird Business Services)

Sunbird takes flight—High Court grants an order convening a single meeting of creditors for the purposes of considering a scheme of arrangement (Re Sunbird Business Services)
Published on: 13 November 2020
Published by: LexisPSL
  • Sunbird takes flight—High Court grants an order convening a single meeting of creditors for the purposes of considering a scheme of arrangement (Re Sunbird Business Services) 
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Case details

Article summary

Restructuring & Insolvency analysis: The company successfully applied to convene a single meeting of its financial (non-trade) creditors for the purposes of considering and, if thought fit, approving, a proposed scheme of arrangement. The High Court had previously rejected Sunbird’s application for sanction of a scheme in near identical terms, having criticised the way in which the original scheme process had been approached by Sunbird. In returning to court, Sunbird sought to rectify a number of the deficiencies identified in the original judgment. Written by Darragh Connell, barrister at Forum Chambers. or take a trial to read the full analysis.

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