Gategroup is an international airline catering services provider. The restructuring plan of gategroup Guarantee Limited (the Company) is designed to “amend and extend” the group’s debt obligations to lenders under a €600 million senior facilities agreement and bondholders under CHF 350 million bonds, in each … See more Following the English court’s judgment1on Gategroup’s proposed restructuring plan: 1. The new UK restructuring plan procedure is likely to … See more The longstanding prevailing view of the English courts (at least pre-Brexit) is that schemes of arrangement are not an insolvency … See more The court held that restructuring plan proceedings are within the bankruptcy exclusion in the Lugano Convention, i.e., effectively, that a restructuring plan is an insolvency … See more Gategroup’s restructuring plan utilised a “co-obligor” structure, in this case to avoid triggering an event of default under the bonds. This … See more WebMar 19, 2024 · On 11 December 2024, the Company and gategroup Finance (Luxembourg) S.A., as issuer of the CHF 350,000,000 3% bonds due 2024 (the "Bonds"), announced that, in order to implement certain aspects of the Transaction, gategroup Guarantee Limited (the "Plan Company"), a wholly owned subsidiary of the Company, had issued a practice …
Gategroup Guarantee Ltd, Re - Casemine
WebApr 27, 2024 · Re Gategroup Guarantee Limited [2024] EWHC 304 (Ch). Re AirAsia X Berhad v BOC Aviation Limited & 14 Ors (Originating Summons No.: WA-24NCC-467-10/2024) Re MAB Leasing Limited [2024] EWHC 152 (Ch) WebMar 16, 2024 · In Re gategroup Guarantee Limited, Mr Justice Zacaroli of the High Court considered the interplay between (a) the convention on jurisdiction and the recognition … blackview company
UK: Developments In Restructuring Plans: Gategroup - Mondaq
WebFeb 23, 2024 · 1 Section 901A, Companies Act 2006. 2 Gategroup Guarantee Ltd, Re [2024] EWHC 304 (Ch). 3 Gategroup Guarantee Limited (“Plan Company”) which was incorporated on 8 December 2024 as a wholly owned and England and Wales incorporated subsidiary of gategroup Holding AG ”, a company incorporated in Switzerland. The Plan … WebMar 2, 2024 · gategroup Guarantee Limited – UK restructuring plans are insolvency proceedings. On 11 February 2024, the English High Court confirmed in gategroup … WebGate Insurance was founded in 2008 as a holding company for a number of insurance operations operating in high risk and emerging markets. Gate Insurance and its … blackview cloud