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Key Takeaways
The use of the UK restructuring plan (
Plan ) introduced last summer has been gathering pace with a handful of recent judgments seeing it used to implement cross-border restructurings instead of UK schemes of arrangement (
Schemes ).
In a significant recent judgment in respect of a Plan proposed by Gategroup
1, the High Court decided that Plans are insolvency proceedings falling outside the scope of the Lugano Convention.
2
Classifying Plans as insolvency proceedings is likely to complicate their use in Europe, and it is clear that, based on this decision, the Lugano Convention will not provide a post-Brexit route for Plans to be recognised in Europe.
“Maybe prohibiting certain practices such as microtargeting at certain times, I think that’s the debate that we need to have on political ads.”
– Renate Nikolay, Head of Cabinet of Commission Vice-President Jourova.
Top Story: The use of microtargeting for online political advertising could come in for new rules as part of legislation being readied by the European Commission, it has been revealed. Read on for more.
Podcast: This week, we take a look at the Commission’s plans for protecting the future of platform workers in the EU. You’ll hear from Commission representatives on the EU’s future objectives in this field, and we also speak to Ludovic Voet, Confederal Secretary at European Trade Union Confederation on the need to better protect the workers of the gig economy in Europe.
A
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