The Business Law Reports
[2024] Bus LR 1944
Chancery Division
In re
Cine-UK Ltd
In re
Cineworld Cinemas Ltd
In re
Cineworld Cinema Properties Ltd
In re
Cineworld Estates Ltd
[2024] EWHC 2475 (Ch)
2024 Sept 26; 30
Miles J
Company— Reorganisation of debt— Company in financial difficulty— Landlords granting companies rent concessions in return for companies undertaking not to seek further compromise of liabilities under leases— Companies subsequently seeking court’s sanction for restructuring plans— Whether landlords entitled to injunction to exclude leases from plan— Correct approach to consideration of issues relating to undertaking— Whether proper to depart from pari passu distribution that would apply in relevant alternative— Whether scheme to be sanctioned notwithstanding undertaking —
Companies Act 2006 (c 46), s 901G