Five Things We Now Know About Landlord Restructuring Plans

In the last few months the Court has sanctioned restructuring plans for Las Iguanas, for Poundstretcher, and for two related TG Jones companies. Each plan was designed primarily to compromise property-related liabilities. 

However, sanction was certainly not a just formality. In the case of TG Jones in particular, the judge needed two further days from the date of the hearing to decide whether to make the order sought.

We believe that those decisions already offer some very useful guidance for other companies contemplating using a restructuring plan to compromise similar liabilities.

1. It is possible, albeit aggressive, to compromise not just property-related liabilities but liabilities to suppliers more generally