The Linklaters Podcast

Adler Court of Appeal Judgment: Key Considerations and Consequences // Restructuring & Insolvency

Episode 8: R&I Soundbites

In our latest podcast, our partners Rebecca Jarvis and Nick Le Masurier discuss the recent Adler Court of Appeal Judgment, and what it means for future restructurings.

To watch all episodes in R&I Soundbites, visit our website.

The use of Holdco PIK in restructuring // Restructuring & Insolvency

Episode 7: R&I Soundbites

In this seventh episode of our R&I soundbites series, our partner Nicholas Le Masurier and counsel Paul Sidle discuss the use of Holdco PIK (payment-in-kind) as a recent trend in restructurings. Nick and Paul provide an overview of the key features of Holdco PIK, explain why there has been an increase in its use, and consider the issues and risks associated with this instrument.

Nostrum’s scheme of arrangement // Restructuring & Insolvency

Episode 6: R&I Soundbites

In this sixth episode of our latest R&I soundbites series, our partner Juliana Leite de Barros and counsel Paul Sidle take a look at Nostrum Oil & Gas PLC's scheme of arrangement and consider the impact that sanctions have on restructurings

Celsa’s restructuring // Restructuring & Insolvency

Episode 5: R&I Soundbites

In this fifth episode of our latest R&I soundbites series, our managing associate Sara Arriaza and counsel Paul Sidle discuss the restructuring of Spanish steelmaker Celsa and how it will test the recent legislative changes to Spanish insolvency law, which transpose the European Directive on preventive restructuring frameworks.

 

Hong Kong Airlines’ dual Hong Kong-UK restructuring // Restructuring & Insolvency

Episode 4: R&I Soundbites

In our latest R&I soundbites series, we will explore a range of topics and case studies that are front of mind in the restructuring market. In this first episode, our partner Damien Gomez and counsel Paul Sidle discuss the restructuring of Hong Kong Airlines, which involves a parallel Hong Kong scheme of arrangement and a UK Part 26A restructuring plan. They delve into potential issues and challenges in relation to the Cape Town Convention and what this means for future restructurings in the aviation sector.

French insolvency law update // Restructuring & Insolvency

Episode 3: R&I Soundbites

In this podcast, our Paris-based Partner Carole Nerguararian and Associate Etienne Lupuyo provide a comprehensive overview of the recent legislative changes to French insolvency law, which transpose the European Directive on preventive restructuring frameworks. They discuss what these changes mean to different stakeholders and the key points to consider.

Restructuring Plans – Friend or Foe? // Restructuring & Insolvency

Episode 2: R&I Soundbites

In this podcast, our Partner Nick Le Masurirer, Managing Associate, Dionne Brown and Associate Hannah Barrett Brown, consider the key features of Part 26A restructuring plans.  

Pre-Pack Reform // Restructuring & Insolvency

Episode 1: R&I Soundbites

As from 30 April, recent legislative reforms mean that an administrator must not make a substantial disposal to connected persons within the first 8 weeks of an administration, unless either the company’s creditors have approved the transaction or, more likely, the buyer has obtained a qualifying report from an evaluator. While not aimed solely at pre-packs, it’s clear that concerns around their transparency in particular were the driving force behind these changes. The mood music around pre-packs is clear and the insolvency industry as a whole will need to get behind these changes to make them work and ensure that a valuable business rescue tool remains part of the toolkit.

In this podcast, we consider the scope of the new rules and also give some thought as to what potential impact the reforms might have in practice for the drafting of sale agreements, particularly around the protections afforded to administrators.