(UK) What are the Key Takeaways for future Restructuring Plans following the GAS sanction hearing?

What can we say about the outcome of the GAS (Great Annual Savings Company Limited) sanction hearing that hasn’t already been reported?

It’s impossible not to comment on the fact that the plan was not sanctioned, and as a consequence of fierce opposition from HMRC that it avoided cram down.  Nor that the court refused to sanction the plan on the basis that the conditions for cram down were not met – the court was not satisfied that HMRC would … Read the rest

Our top 6 Planning Law takeaways for 2022 – Part 5: Retained EU Law Repeal Bill

In the fifth of our blogs on recent developments in planning law , we turn our attention to the Retained EU Law (Revocation and Reform) Bill 2022 introduced by Jacob Rees-Mogg at the height of the Truss premiership in September 2022. 

Described by Professor Michael Zander KC as “one of the worst pieces of legislation I can remember in some 60 years of following the law-making process“, the Bill seeks to deliver on the Brexit promise of taking … Read the rest