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Third-Party Releases are common in English law schemes of arrangement and restructuring plans, and US courts have so far indulged that approach in granting recognition. ...
A DISPUTE between a London real estate company and Bradford Council over business rates will be settled in a court trial this Summer.
The UK High Court has ruled the obligations of third party guarantors are not affected by a part 26A restructuring plan being sanctioned in respect of the underlying obligations. This ruling is good news for landlords as their recourse to guarantors is preserved.