Cortefiel—The Use of Schemes of Arrangement for 'Amend & Extends' | White & Case LLP International Law Firm, Global Law Practice

Cortefiel—The Use of Schemes of Arrangement for 'Amend & Extends'

The recent case of Cortefiel SA, a leading Spanish high street clothing retailer, has demonstrated the possibility of amending and extending a company’s obligations under its finance documents by way of an English law scheme of arrangement.

In this article we examine:

(1) the potential use of schemes as a tool for amend and extend proposals in light of the Cortefiel decision; and
(2) the implications for collateralised loan obligation vehicles and likely grounds for challenge.

This article follows our recent seminar "Amend & Extend: Schemes of Arrangement" as part of our Bank Finance and Restructuring Seminar Series.

Click here to download PDF.

 

This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.
© 2012 White & Case LLP

30 Nov 2012 Alert

Cortefiel—The Use of Schemes of Arrangement for 'Amend & Extends'

The recent case of Cortefiel SA, a leading Spanish high street clothing retailer, has demonstrated the possibility of amending and extending a company’s obligations under its finance documents by way of an English law scheme of arrangement.

In this article we examine:

(1) the potential use of schemes as a tool for amend and extend proposals in light of the Cortefiel decision; and
(2) the implications for collateralised loan obligation vehicles and likely grounds for challenge.

This article follows our recent seminar "Amend & Extend: Schemes of Arrangement" as part of our Bank Finance and Restructuring Seminar Series.

Click here to download PDF.

 

This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.
© 2012 White & Case LLP