Skip to main content

DTEK: Has the English High Court Provided Another Option for Restructuring New York Law Bonds?

Posted: 27 Apr, 2017

Open PDF

In Re DTEK Finance BV, the English High Court decided that a change in the governing law of bonds from New York to English law, established a sufficient connection with the English jurisdiction for it to sanction the bonds' restructuring via a UK scheme of arrangement.

In this alert, Devi Shah, co-head of Mayer Brown’s Restructuring, Bankruptcy and Insolvency team in London, and Henry Glen, Senior Associate in that team, consider the recent DTEK case, in which the High Court in England sanctioned the restructuring of bonds issued by a Netherlands company following a change of governing law from New York to English law.


Back to Knowledge Hub

TMA news

10 Jan, 2019

Standing room only at the TMA January 2019 event

A fantastic way to start 2019!


Retail woes are...

20 Dec, 2018

TMA UK President - end of year message

As my two years of Presidency draw to a close I...

Sponsor news

17 Jan, 2019

Data Protection Predictions 2019


2018 was a landmark year for data protection and privacy; the EU General Data Protection...

14 Jan, 2019

A look at the UK’s data protection law in a no-deal Brexit situation

We previously reported on Brexit's impact on data protection here and here.

Shortly before...

Tweets

TMA UK @UK_TMA · 2 days ago

Are you in your early stages of your career and work within the Turnaround industry? Do you want to network with li… twitter.com/i/web/status/1…

TMA UK @UK_TMA · 4 days ago

The consequences of being owed a bad debt can be critical. If a business is depending on the owed money to pay the… twitter.com/i/web/status/1…

JCR

Nov 2018