Court sanctions Adler Part 26A restructuring plan

Challenge by ad hoc group of 2029 noteholders fails and permission to appeal is rejected

The Adler sanction judgment (permission to appeal has been refused) represents a significant stage in the development of the Part26A restructuring plan. It underscores the immense challenges faced by any party looking to stop a plan once in motion, and reveals how shareholders can retain upside in the absence of compelling logic but where it is commercially rational in the view of those affected. Take a look at our slide deck to find out more.