Creditors fight back against English schemes

• Autores: Lizzie Meager
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 35, Nº. 22 (6/6/2016), 2016
• Idioma: inglés
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• Resumen

  • The article informs that a series of recent cases suggest the use of English law schemes of arrangement (SOA) by foreign companies could be at risk. It is noted that businesses from across Europe have been coming to England to restructure their debt and avoid entering insolvency proceedings for many years now. It is noted that German steel company Scholz would shift its centre of main interest to take advantage of an English SOA