England and Wales Case Law

SWS Holdings & Anor, Re

The court is satisfied that the proposed creditor classes for both schemes are properly constituted, that there are no jurisdictional roadblocks, that adequate notice has been given, and that the explanatory statements are sufficient. Therefore, it is appropriate to convene meetings of creditors to consider and, if thought fit, approve the schemes of arrangement.

Source excerpt

• Schemes of arrangement
• Class constitution
• Jurisdiction under companies act 2006
• Creditor meetings
• Debt restructuring

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SWS Holdings & Anor, In the Matter Of

SWS Holdings & Anor, In the Matter Of [2025] EWHC 2318 (Ch) (02 September 2025)

The High Court convened creditor meetings for two inter-conditional Part 26 schemes involving SWS Holdings Limited and Greensands Financing plc.

• Schemes of arrangement
• Class constitution
• Jurisdiction
• Notice requirements
• Debt restructuring
• Scheme-of-arrangement

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Standard Profil Automotive GmbH, Re

The court is satisfied that the Scheme Creditors constitute a single class for the purposes of the scheme meeting, that proper notice has been given, and that there are no jurisdictional or class composition roadblocks. The convening order is granted for a single meeting of Scheme Creditors to consider the proposed scheme of arrangement.

Source excerpt

• Scheme of arrangement
• Class composition
• Jurisdiction
• Creditor rights
• Debt restructuring

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Cineworld Group Plc, Re

The Company is insolvent or likely to become unable to pay its debts, the administration order is reasonably likely to achieve a better result for creditors than liquidation, and the application is supported by the overwhelming majority of creditors and has been carefully scrutinised by the US Bankruptcy Court. The statutory requirements are satisfied and the court exercises its discretion to make the order.

Source excerpt

• Administration order
• Jurisdiction under insolvency act 1986
• Purpose of administration
• Debt restructuring
• Cross-border insolvency

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Cineworld Group Plc, Re

Cineworld Group Plc, Re [2023] EWHC 3006 (Ch) (31 July 2023)

The High Court granted Cineworld Group plc an administration order, finding insolvency was likely and that administration could achieve a better result for creditors than liquidation.

• Administration order
• Jurisdiction under insolvency act 1986
• Purpose of administration
• Debt restructuring
• Cross-border insolvency
• Administration-order

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Lee Manning & Anor v Neste AB & Anor

The High Court considered whether a floating charge granted to a connected person was invalid under section 245 of the Insolvency Act 1986, and held it valid to the extent of value received.

• Floating charges
• Connected persons
• Consideration under insolvency law
• Registration of charges
• Debt restructuring
• Valuation of consideration

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In the Matter of Haya Holdco 2 plc

The High Court granted permission to convene a single creditor meeting for a Part 26 scheme restructuring Haya Holdco 2 plc’s senior secured notes.

• Scheme of arrangement
• Class composition
• Jurisdiction
• Debt restructuring
• Scheme-of-arrangement
• Class-composition

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Safari Holding Verwaltungs GmbH, Re

Safari Holding Verwaltungs GmbH, Re [2022] EWHC 781 (Ch) (04 April 2022)

The High Court granted convening directions for a scheme of arrangement for Safari Holding Verwaltungs GmbH’s debt restructuring, finding adequate notice, one class of creditors, and sufficient English jurisdiction.

• Scheme of arrangement
• Creditor meetings
• Cross-border insolvency
• Debt restructuring
• Scheme-of-arrangement
• Creditor-meetings

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Integral Petroleum SA & Ors v Dun & Ors

Integral Petroleum SA & Ors v Dun & Ors [2022] EWHC 659 (Comm) (24 March 2022)

The Commercial Court refused summary judgment on a bank’s counterclaim, finding a real prospect of trial issues over an alleged oral extension of loan payment terms.

• Summary judgment
• Facility agreement
• Debt restructuring
• Guarantees
• Set-off
• Prevention principle

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PGS ASA, Re (Companies Act 2006)

PGS ASA, Re (Companies Act 2006) [2021] EWHC 222 (Ch) (02 February 2021)

The High Court sanctioned PGS ASA’s scheme of arrangement under section 899 of the Companies Act 2006, finding the class properly represented and the scheme fair.

• Scheme of arrangement
• Cross-border insolvency
• Debt restructuring
• Jurisdiction
• Class constitution
• Sanction of scheme

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