Thames Water Restructuring Plan: Appeal Dismissed

The English Court of Appeal recently dismissed the appeals of the order approving the Thames Water restructuring plan, which appellants had claimed was unfair and too costly, among other issues. In this alert, we discuss the Court of Appeal’s findings on fairness, costs, creditors’ rights, the relevance (or not) of public interest and third-party releases, as well as which questions remain unanswered.

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