Hold-outs beware: UK schemes of arrangement and Chapter 11 lie in wa...

Hold-outs beware: UK schemes of arrangement and Chapter 11 lie in wait
Lexology (registration)
The recent Thomas Cook refinancing and Cortefiel scheme of arrangement offer contrasting examples to investors of the risks and rewards of adopting a hold-out position in complex multijurisdictional restructurings. The rationale behind a hold-out ...