In our continuing review of key issues concerning schemes of arrangement, this second bulletin addresses issues of valuation, third party releases, voting by ultimate beneficial holders and amendments to schemes. Our first bulletin covered jurisdiction, stays on challenges in foreign courts, new money and the imposition of new obligations, and class composition. Our third bulletin will contrast schemes with US Chapter 11 proceedings.

Scheme hot topics bulletin: Part II

This series of bulletins assumes a certain level of background knowledge. For additional information, please see our recently-updated introductory guide to Schemes of Arrangement as Restructuring Tools.

Gary Holtzer interviewed on top issues PE firms should consider in distressed situations

February 27, 2015

Gary Holtzer, co-Chair of Weil’s Business Finance & Restructuring Department, was interviewed by The Deal on what PE firms should consider when their portfolio companies become stressed or distressed. The interview took place at the 2015 TMA Distressed Investing Conference in Las Vegas. Gary suggests what PE companies should think about as their portfolio companies […]

Read the full article →

Financial News 2015 Rising Stars in Legal Services

February 23, 2015

Mark Lawford London Restructuring partner Mark Lawford has been named in Financial News’ prestigious third annual “40 Under 40 Rising Stars of the Financial Legal Profession”, which showcases the top lawyers under 40 years old, based in Europe, the Middle East or Africa, who are playing crucial roles in their areas.

Read the full article →

Weil’s London Restructuring team advises on the first corporate insolvency in the Republic of Kosovo

February 23, 2015

International law firm Weil, Gotshal & Manges is advising in relation to the first ever bankruptcy administration proceedings in the Republic of Kosovo, following the submission of a bankruptcy application against Coresteel Sh.p.k. (“Coresteel”) to the Kosovar court on 21 January 2015. Coresteel is the owner and operator of a steel galvanising plant and production […]

Read the full article →

Alma: the test case introducing the ‘accelerated safeguard’

February 17, 2015

Overview France recently introduced a new, fast-track insolvency procedure called “accelerated safeguard”. The Alma restructuring was a major test case for this new procedure. It allowed the cram-down of dissenting creditors and minority shareholders (including forcing through the relevant shareholder resolutions with a simple 50% majority) – and all within a short timeline.

Read the full article →