Fossil (UK) Global Services Ltd, In the Matter Of [2025] EWHC 3058 (Ch) (10 November 2025)

Fossil (UK) Global Services Ltd, In the Matter Of [2025] EWHC 3058 (Ch) (10 November 2025)

The plan meets all statutory requirements, was approved by an overwhelming majority of a properly constituted single class of creditors, is fair and rational for all creditors (including retail noteholders), and contains no defect or unlawful element. The process was transparent and accessible, and there is a reasonable prospect of recognition in the US. The court therefore sanctions the plan.

Citation
[2025] EWHC 3058 (Ch)
Parties
Claimant: Fossil (UK) Global Services Ltd; Retail Advocate: Mr Jon Yorke (Retail Advocate)
Jurisdiction
England and Wales
Judgment Date
10 November 2025
Procedural Posture
Sanction Hearing for Restructuring Plan Under Part 26 a Companies Act 2006 / Sanction Hearing Following Creditor Meeting Approval
Outcome
Plan sanctioned
Legal Topics
Restructuring Plans, Part 26 a Companies Act 2006, Creditor Meetings, Class Composition, Sanction of Schemes, Cross Border Insolvency
Insolvency Company Law Restructuring Plans Part 26 a Companies Act 2006 Creditor Meetings Class Composition Sanction of Schemes Cross Border Insolvency

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 5 Authorities cited 7 Party arguments 2 Amounts and remedies 7
Sign in to unlock

Parties

Fossil (UK) Global Services Ltd

Claimant

Mr Jon Yorke (Retail Advocate)

Retail Advocate

Procedural Posture

Sanction Hearing for Restructuring Plan Under Part 26 a Companies Act 2006 / Sanction Hearing Following Creditor Meeting Approval

Legal Issues

  1. 1 Whether statutory requirements for sanctioning the plan under Part 26A Companies Act 2006 are met
  2. 2 Whether the single class of creditors was fairly represented and majority acted bona fide
  3. 3 Whether the plan is fair and could reasonably be approved by creditors

Ratio Decidendi

The plan meets all statutory requirements, was approved by an overwhelming majority of a properly constituted single class of creditors, is fair and rational for all creditors (including retail noteholders), and contains no defect or unlawful element. The process was transparent and accessible, and there is a reasonable prospect of recognition in the US. The court therefore sanctions the plan.

Court Disposition

Plan sanctioned

Orders

  • The restructuring plan under Part 26A Companies Act 2006 is sanctioned as proposed.