Company
Re Codere Finance 2 (UK) Ltd [2020] EWHC 2683 (Ch), [2020] All ER (D) 51 (Oct)
Codere Finance 2 (UK) Ltd (the company), part of the Codere group of companies, had applied for an order convening a single meeting of creditors with regard to a scheme of arrangement (the Scheme) between the company and certain of its creditors (the Scheme creditors) under Part 26 of the Companies Act 2006. Applying well established principles, the Chancery Division held that: (i) the statutory requirements had been met; (ii) the class had been fairly represented by the meeting, and the majority had acted bona fide; and (iii) the Scheme was one that could reasonably be approved by a creditor of the company belonging to the class concerned.
Costs
Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat Ticaret Ve Sanati AS v Organic Village Ltd and another [2020] EWHC 2542 (QB), [2020] All ER (D) 49 (Oct)
It was right to say that, to justify the making of a non-party costs order against a director and shareholder of a company who had funded litigation
