- 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
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.
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