Although the IMF recently announced at Davos that it would upgrade its global economic forecasts, with an improvement predicted in the later part of 2023 and into 2024, times remain.
Smile Telecoms Holdings Limited, Mauritian company, had its second restructuring plan sanctioned by High Court in England. Case contains important markers for those involved in restructuring plans which involve international elements or seek to prevent creditors from voting.
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.