WebGategroup is wholly owned by gategroup Holding AG (the Parent) which, together with its subsidiaries (the Group), is the world’s largest provider of airline catering services. As a … WebFind company research, competitor information, contact details & financial data for GATEGROUP GUARANTEE LIMITED of LONDON. Get the latest business insights …
A Hearing About A Proposal To Vote On A Restructing Plan For Gategroup …
WebApr 27, 2024 · Finally, it is worth noting that the Gategroup decision could have implications regarding the recognition of restructuring plans in Europe, particularly if and when the UK is able to re-join the Lugano Convention. This is however the topic for another article. Case references. Re Gategroup Guarantee Limited [2024] EWHC 304 (Ch). WebDec 8, 2024 · As explained in In re Noble Group Limited [2024] BCC 349, In re Gategroup Guarantee Limited [2024] EWHC 304 and recently reaffirmed in Re E D & F Man Holdings [2024] EWHC 433, a deed of contribution can be utilized to create a right of contribution and effect "ricochet claims" so that the restructuring plan can compromise the liabilities of the ... table \u0026 tap babcock
GATEGROUP GUARANTEE LIMITED Company Profile
WebThe High Court of England and Wales has characterized the Part 26A restructuring plan involving Gategroup Guarantee Limited as an ‘insolvency proceeding’ for purposes of the Lugano Convention. While this was not a Cape Town Conventiuon case, its reasoning should be highly persuasive in the CTC context. WebMar 30, 2024 · It is significant that RPs have been determined by the High Court (in Re. gategroup Guarantee Ltd 16) to be ‘insolvency proceedings’. That determination, while made specifically in the context ... 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 table \u0026 thyme catering