England and Wales Case Law

Argo Blockchain Plc, Re

The court is satisfied that the jurisdictional gateways under Part 26A Companies Act 2006 are met, the proposed class constitution for meetings is appropriate, adequate notice has been given, and there are no discernible roadblocks or futility in proceeding. Three class meetings (Growler, Noteholders, Shareholders) are ordered to be convened to consider the restructuring plan.

Source excerpt

• Restructuring plan
• Creditor meetings
• Class constitution
• Jurisdiction
• Notice requirements
• International recognition

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Iguanas Holdings Ltd, Re

Iguanas Holdings Ltd, Re [2026] EWHC 1229 (Ch) (06 May 2026)

The High Court approved directions to convene creditor meetings for a Part 26A restructuring plan for Iguanas Holdings Limited, excluding Class A landlords.

• Restructuring plan
• Part 26a companies act 2006
• Class constitution
• Creditor meetings
• Convening hearing
• Restructuring-plan

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Iguanas Holdings Limited, Re

The High Court approved directions to convene creditor meetings for a Part 26A restructuring plan for Iguanas Holdings Limited, excluding objecting Class A landlords.

• Restructuring plan
• Class constitution
• Creditor meetings
• Jurisdictional preconditions
• Notice requirements
• Restructuring-plan

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Argo Blockchain PLC, Re

Argo Blockchain PLC, Re [2025] EWHC 3257 (Ch) (10 December 2025)

The High Court sanctioned Argo Blockchain PLC’s Part 26A restructuring plan, finding acute financial distress, proper class constitution, and satisfaction of cross-class cramdown requirements.

• Restructuring plan
• Cross-class cramdown
• Sanction of scheme
• Class constitution
• Notice requirements
• Restructuring-plan

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Argo Blockchain PLC, In the Matter Of

Argo Blockchain PLC, In the Matter Of [2025] EWHC 2951 (Ch) (06 November 2025)

The High Court ordered meetings to be convened on Argo Blockchain plc’s Part 26A restructuring plan, finding jurisdiction, class constitution, notice, and no present roadblock.

• Restructuring plan
• Scheme of arrangement
• Class constitution
• Jurisdiction under companies act 2006 part 26a
• Notice requirements
• International recognition of restructuring plans

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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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Cable & Wireless Jamaica Ltd v Eric Jason Abrahams (Jamaica)

The Privy Council held that minority and majority shareholders were separate classes for the scheme and that the proposed capital reduction was unauthorized.

• Schemes of arrangement
• Class constitution
• Reduction of capital
• Court sanction of schemes
• Schemes-of-arrangement
• Class-constitution

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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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Waldorf Production UK Plc, Re

The court is satisfied that the jurisdictional pre-conditions under section 901A Companies Act 2006 are met, the proposed class constitution is appropriate, sufficient notice has been given, and there are no obvious roadblocks to convening the meetings. Directions are given for opposition and disclosure, with liberty to apply for further directions if necessary.

Source excerpt

• Restructuring plan under part 26a companies act 2006
• Class constitution
• Jurisdictional pre-conditions
• Cross-class cram down
• Notice requirements
• Disclosure in restructuring proceedings

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Enzen Global Limited & Anor, Re

The court is satisfied that the proposed creditor classes are properly constituted, that jurisdictional and international effectiveness conditions are met, that sufficient notice has been given, and that there is no obvious roadblock to convening creditor meetings for the restructuring plans. Directions for further proceedings and evidence are appropriate.

Source excerpt

• Restructuring plan
• Class constitution
• Jurisdictional conditions
• International recognition
• Notice to creditors
• Cross-class cram down

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