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Smile Telecoms Restructuring Plan: English Court sanctions plan telling dissenting creditors to 'stop shouting from the spectators' seats and step up to the plate' | Dechert LLP

On 30 March 2022, the English High Court sanctioned a new restructuring plan for Smile Telecoms Holdings Limited (“Smile” or the “Company”) (the “Restructuring Plan”). The restructuring...
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UK Regulator Issues New Guidance on In-Game Advertising

Several platforms urgently need to change their game mechanics to comply with new rules. Now, increasingly, game developers are also providing opportunities for players to reach into their real world wallet and purchase virtual currency.
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Schemes and Restructuring Plans: Challenging Times? | White & Case LLP

To embed, copy and paste the code into your website or blog: The economic impact of the COVID-19 pandemic led to a wave of creditor schemes of arrangement ("schemes") and restructuring plans ("RPs") in the second half of 2020, which shows no sign of abating in 2021.  For the uninitiated, the scheme (a long-established tool) and the newer RP process are court led UK restructuring options that a company can use to bind a minority of creditors into a restructuring.  An RP can also be used to "cr...
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Investegate |Amigo Holdings PLC Announcements | Amigo Holdings PLC: Scheme of Arrangement of ALL Scheme Ltd

and Regulatory, Complaints and Covid-19 payment holiday Update Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, provides an update on its announcement dated 21 December 2020, titled "Potential Scheme of Arrangement", and on the other matters set out below.    Amigo Holdings PLC has recently incorporated a new wholly owned subsidiary, ALL Scheme Ltd ("SchemeCo"), for the purpose of SchemeCo applying for a Scheme of Arrangement under Part 26 o...
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