McDermott Comment | Virgin Atlantic Launches First Ever UK ‘Super Scheme’ Restructuring Plan


Aymen Mahmoud, partner at law firm McDermott Will & Emery, said:

“This case illustrates exactly what the new legislative framework was designed to achieve in facilitating an operational and financial compromise where the three voting creditor classes are unanimous in their support. It is also instructive that the courts have provided desirable clarity on the creditor class tests in a landmark case for the new insolvency regime.”