On Thursday, 4 September, Sir Alastair Norris handed down his written reasons for sanctioning the Restructuring Plan in respect of River Island. It is a typically clear and careful analysis and contains some helpful observations around the sharing of benefits and burdens under a restructuring plan; the treatment of shareholders; the rationale for differential treatment of landlords; and the less than helpful actions of certain creditors between the convening hearing and sanction.

Matthew Weaver KC was instructed on behalf of River Island by Greenberg Traurig LLP’s London Restructuring, Insolvency and Special Situations team.

Read the full judgment here.