Standard Profil Automotive GmbH, Re [2025] EWHC 2133 (Ch) (29 July 2025)

The rights of the Scheme Creditors are sufficiently similar to permit a single meeting; all relevant fees and arrangements do not fracture the class; proper notice has been given; there are no jurisdictional or procedural impediments; and the court has jurisdiction to convene the meeting under Part 26 of the Companies Act 2006.

Citation: [2025] EWHC 2133 (Ch)
Parties: Applicant/company: Standard Profil Automotive GmbH
Jurisdiction: England and Wales
Judgment Date: 29 July 2025
Procedural Posture: Scheme of Arrangement (companies Act 2006, Part 26) / Convening Hearing
Outcome: Convening order granted
Legal Topics: Scheme of Arrangement, Class Composition, Jurisdiction, Creditor Rights, Recognition of Foreign Schemes

Insolvency Company Law Cross Border Restructuring Scheme of Arrangement Class Composition Jurisdiction Creditor Rights Recognition of Foreign Schemes

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Parties

Standard Profil Automotive GmbH

Applicant/company

Procedural Posture

Scheme of Arrangement (companies Act 2006, Part 26) / Convening Hearing

Legal Issues

1 Whether to convene a single meeting of Scheme Creditors for approval of a scheme of arrangement under Part 26 of the Companies Act 2006
2 Whether class composition is appropriate for a single meeting
3 Whether proper notice has been given to Scheme Creditors

Ratio Decidendi

Court Disposition

Convening order granted

Orders

A single meeting of Scheme Creditors to be convened to consider and, if thought fit, approve the scheme of arrangement.
Scheme Meeting to be held in hybrid form on 1 September 2025.