Apcoa’s cross-border, contested, Schemes of Arrangement sanctioned by the English High Court | Druces LLP
In April 2014, the pan-European car park operator, Apcoa, obtained the sanction of the High Court in England to a set of schemes of Arrangement under Part 26 of the Companies Act1. With the group’s finances under pressure, this step was taken purely in order to extend the term of its loan facilities. In September, …