Corporate Insolvency and Governance Act 2020—explanatory statement for a restructuring plan
Corporate Insolvency and Governance Act 2020—explanatory statement for a restructuring plan

The following Restructuring & Insolvency precedent provides comprehensive and up to date legal information covering:

  • Corporate Insolvency and Governance Act 2020—explanatory statement for a restructuring plan
  • 1 Introduction
  • 2 What is a restructuring plan and how does it become binding?
  • 3 Who will be affected?
  • 4 What will happen if the restructuring plan becomes effective?
  • 5 Background to the company
  • 6 Alternative solutions
  • 7 Valuation
  • 8 Advantages of the restructuring plan
  • 9 Disadvantages of the restructuring plan
  • More...

This document is important and requires your immediate attention

If you are in any doubt as to any aspect of this proposal or as to the action you should take, you should consult your professional adviser without delay.

Further copies of this document and the enclosed voting forms can be obtained from the address listed on page [insert number]. [they may also be downloaded and printed from the website [insert website address]].

Proposal in relation to restructuring plan

Pursuant to Part 26A of the Companies Act 2006

Between

[Insert company name]

And its

creditors/members

(as defined in the restructuring plan)

The meeting[s] of creditors/members to consider the restructuring plan (the Meeting[s]'') will be held on [insert date] at the offices of [insert firm address]. The meeting[s] will commence at [insert time] London time.

Notice of the meeting[s] is set out in Appendix 5 to this document.

The action required to be taken by creditors/members is set out on page [insert number]. Whether or not creditors/members intend to be present at the meeting[s], they are requested to complete and return the [applicable] form of proxy enclosed with this document as soon as possible.

If you have any questions relating to the restructuring plan please call [insert number] or contact [insert name] using the contact details set out on page [insert number] of this document.

Important notice to creditors/members

This document has been prepared in connection

Related documents:

Popular documents