04/19/2021
It should be noted that the restructuring in that case was by way of a plan of arrangement under the new English Part 26A of the 2006 Act, implemented by the Corporate Governance and Insolvency Act 2020, where cross-class cram downs are available.
04/19/2021
The proposal covers broad admission criteria; conditions for founding shareholders, the management team, and controlling shareholders; and business combination requirements.
04/15/2021
The public consultation commenced against a backdrop of success in, and increasing demand for, incorporating SPVs and foundations in the ADGM.