Corporate Insolvency and Governance Act 2020—script for meeting(s) of creditors/members for restructuring plan
Corporate Insolvency and Governance Act 2020—script for meeting(s) of creditors/members for restructuring plan

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

  • Corporate Insolvency and Governance Act 2020—script for meeting(s) of creditors/members for restructuring plan

    1. 1

      Introduction

      The time is now [insert the exact time] and I am opening the meeting of Creditors/Members of [insert name of the company] [with [insert type of claim] claims and the meeting of Creditors/Members of [insert name of the company] with [insert type of claim] Claims].

      I am [insert name], of [insert firm or company name] [insert details of who the chairperson is eg adviser etc].

      The meeting[s] that [is OR are] taking place today [has OR have] been convened by the Company pursuant to an Order of the High Court of Justice of England & Wales made on [insert date]. The purpose of the Meeting[s] is to consider and if thought fit approve the Restructuring Plan under Part 26A of the Companies Act 2006 which the Company proposes to enter into with [certain of] its creditors/members. Under the Court Order, I have been appointed as chairperson of [each of] the Meeting[s]. [I am joined by [insert name], [CEO of the Company] and [insert name], of [insert firm], legal advisers to the Company.]

      [The order convening the Meetings provides for them to be opened together, and for the chairperson of the Meetings to address both Meetings generally on the Restructuring Plan, the method of voting at the Meetings and other appropriate matters. For the purposes of voting, however, since there are [insert number eg two] class Meetings

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