Natasha Ayres

• The end of equitable subordination of shareholder loans in German insolvencies? Blog Post — Weil European Restructuring Watch — By Matthias Eiden, Andrew J. Wilkinson, Neil Devaney, Lois Deasey, Matt Benson, Natasha Ayres, Jenny Davidson, Mark Lawford and Gemma Sage — February 25, 2025
  The German Federal Supreme Court has submitted questions to the European Court of Justice (the “ECJ”) which will determine whether non-German law governed shareholder loans to German borrowers are subject to the German insolvency law principle of equitable subordination. If the ECJ finds that the governing law of the contract determines the issue, this may ...
• Sino-Ocean Restructuring Plan sanctioned: shareholders benefit from first cram-across of pari passu creditors Blog Post — Weil European Restructuring Watch — By Neil Devaney, Andrew J. Wilkinson, Natasha Ayres, Matt Benson, Lois Deasey, Jenny Davidson, Gemma Sage and Mark Lawford — February 17, 2025
  The English High Court has sanctioned the Sino-Ocean Holdings restructuring plan in the face of strong opposition from Long Corridor Asset Management, which held c.1.5% of the plan liabilities.   The plan is the first cram-across of pari passu creditors, by a class consisting of non-English law governed debt subject to an overseas scheme, and the ...
• Motor finance: FCA publishes new complaint handling rules for ‘non-discretionary commission arrangements’, following recent court judgments Blog Post — Weil European Restructuring Watch — By Neil Devaney, Andrew J. Wilkinson, Natasha Ayres, Matt Benson, Lois Deasey, Jenny Davidson, Mark Lawford and Gemma Sage — December 20, 2024
  The FCA  has published complaint handling rules for non-discretionary commission arrangements (“Non-DCA”) under motor finance regulated credit agreements and regulated motor finance consumer hire (lease) agreements.  The new rules come into force on 20 December 2024 and will apply to complaints received on or after 26 October 2024.  As far as possible, the new rules ...
• UK Supreme Court refuses cross-border insolvency assistance under the “immovables rule”: Kireeva v Bedzhamov Blog Post — Weil European Restructuring Watch — By Neil Devaney, Andrew J. Wilkinson, Natasha Ayres, Matt Benson, Jenny Davidson, Lois Deasey, Mark Lawford and Gemma Sage — November 26, 2024
  In a significant decision for cross-border insolvency, the UK Supreme Court in Kireeva v Bedzhamov has confirmed that under the English common law, judicial assistance from the English Courts to foreign courts and foreign insolvency officeholders is subject to the “immovables rule”. This means that, unless such courts and insolvency officeholders can avail themselves of assistance ...
• Guidance on expert evidence for English Part 26A Restructuring Plans: Chaptre Finance plc sanction judgment Blog Post — Weil European Restructuring Watch — By Neil Devaney, Natasha Ayres, Matt Benson, Jenny Davidson, Lois Deasey, Mark Lawford and Gemma Sage — November 15, 2024
  In sanctioning Chaptre Finance plc’s second Part 26A restructuring plan, the English High Court has emphasised the importance of the parties adhering to the Court’s evidential and procedural requirements when a restructuring plan is opposed. Significantly, Mr Justice Miles’ guidance was given in circumstances where the Court accepted the plan company was facing an acute ...

View all