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ARTICLE · 03 OCTOBER 2025

The 2025 Practice Statement: Streamlining UK Schemes And Restructuring Plans

Addleshaw Goddard
Addleshaw Goddard
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Addleshaw Goddard

Addleshaw Goddard

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The 2025 Practice Statement introduces significant reforms to streamline Schemes of Arrangement under Part 26 and Restructuring Plans under Part 26A of the Companies Act...

United KingdomInsolvency/Bankruptcy/Re-Structuring
Fraser Ritson
Fraser Ritson
Karl Clowry
Karl Clowry
Scott Morrison
Scott Morrison
Valean Gherendi
Valean Gherendi

The 2025 Practice Statement introduces significant reforms to streamline Schemes of Arrangement under Part 26 and Restructuring Plans under Part 26A of the Companies Act 2006, enhancing efficiency and accessibility for middle-market businesses. Key updates include mandatory listing notes, enhanced judicial oversight, and improved evidence standards, aiming to reduce costs and timelines while fostering fairness in contested cases. These changes, effective from 1 January 2026, provide a critical opportunity for businesses facing financial distress to explore viable restructuring options. For tailored guidance on leveraging these reforms, contact our Restructuring team at Addleshaw Goddard.

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