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The first UK restructuring plan sanctioned—learning points from Virgin Atlantic’s plan process

Published on: 09 September 2020
Published by: LexisPSL
  • The first UK restructuring plan sanctioned—learning points from Virgin Atlantic’s plan process
  • What was the background?
  • What did the court decide?
  • Case details

Article summary

Restructuring & Insolvency analysis: This case analysis looks at the first ever court sanction of a new Part 26A restructuring plan (or Part 26A plan or Part 26A scheme) created by the Corporate Insolvency and Governance Act 2020 (CIGA 2020). Kate Stephenson of Kirkland & Ellis LLP looks in detail at the learning points from both the convening hearing before Mr Justice Trower and the sanction hearing before Mr Justice Snowden. or take a trial to read the full analysis.

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