Part 26A restructuring plan deal debrief—Project Lietzenburger Strasse Holdco SÀRL


Published by a ³ÉÈËÓ°Òô Restructuring & Insolvency expert
Practice notes

Part 26A restructuring plan deal debrief—Project Lietzenburger Strasse Holdco SÀRL


Published by a ³ÉÈËÓ°Òô Restructuring & Insolvency expert

Practice notes
imgtext

Project Lietzenburger Strasse Holdco SÀRL (incorporated in Luxembourg) applied for a Part 26A restructuring plan (RP) at a convening hearing in 2023 and sanction hearings in 2024. The key points appear below (capitalised terms not defined herein are as defined in the convening and sanction judgments). Sanction was initially refused, but the hearing was treated as a second convening hearing which allowed consideration of an Amended Plan, which was later sanctioned.

The Company is part of a wider sub-group of companies (the Group) held under Aggregate Holdings 4 S.à.r.L. (Ah4). One of the companies within the group, Project Lietzenburger Straße PropCo S.à.r.L., owns a development site on the ‘Ku’Damm’, a well-known shopping boulevard in Berlin (the Development), one of the largest uncompleted commercial real estate projects in Germany.

This deal debrief forms part of our Restructuring plans toolkit.

For a detailed analysis of key metrics from the RPs filed in 2023 and commentary from leading lights in the restructuring world, see Practice Note: Market Insights Trend Report—trends in Part 26A restructuring

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:

Popular documents

Micklefield clauses

Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Pensions due diligence in share sales—an introduction

Pensions due diligence in share sales—an introductionTHIS PRACTICE NOTE APPLIES TO ALL PRIVATE SECTOR PENSION SCHEMESIn a share sale, the buyer purchases the issued share capital of the target company. Through this acquisition, the buyer is commercially impacted by the contracts and deeds entered