Haya Holdco 2 Plc, Re

Haya Holdco 2 Plc, Re

The scheme of arrangement is sanctioned as it meets all statutory requirements, was overwhelmingly approved by creditors, is fair, and will be effective and recognised in relevant jurisdictions.

Parties
Applicant: Haya Holdco 2 Plc; Respondent: Scheme Creditors (Noteholders)
Jurisdiction
England and Wales
Judgment Date
11 October 2024
Procedural Posture
Insolvency/scheme of Arrangement / Sanction Hearing
Outcome
scheme sanctioned
Legal Topics
Scheme of Arrangement, Creditor Rights, Cross Border Recognition, Statutory Compliance
Insolvency Company Law Scheme of Arrangement Creditor Rights Cross Border Recognition Statutory Compliance

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 3 Authorities cited 3 Party arguments 2 Amounts and remedies 5
Sign in to unlock

Parties

Haya Holdco 2 Plc

Applicant

Scheme Creditors (Noteholders)

Respondent

Procedural Posture

Insolvency/scheme of Arrangement / Sanction Hearing

Legal Issues

  1. 1 Whether the scheme of arrangement meets statutory requirements under Part 26 of the Companies Act 2006
  2. 2 Whether the class of creditors was fairly represented and acted bona fide
  3. 3 Whether the scheme is one that creditors might reasonably approve

Ratio Decidendi

The scheme of arrangement is sanctioned as it meets all statutory requirements, was overwhelmingly approved by creditors, is fair, and will be effective and recognised in relevant jurisdictions.

Court Disposition

scheme sanctioned

Orders

  • Scheme of arrangement under Part 26 of the Companies Act 2006 is sanctioned as proposed.