This 9fin webinar looked into Thames Water’s intense six-week legal battle to secure court approval for its £3bn interim restructuring deal and what lessons we could draw from the High Court’s sanction judgment and the Court of Appeal’s decision to uphold its restructuring.

Our 9fin host Will Macadam was joined by Glenn Zahn, director of Serac Capital Management. Zahn teaches courses in distressed investing at Fox Legal Training. He has worked at Donaldson Lufkin & Jenrette in New York, and at Seaport Global, Commerzbank, and Credit Sights since moving to London.

Topics included:

• The fallout from Thames’s US-style valuation legal battle
• The role of dissenting creditors in a UK restructuring plan
• The limits of financial restructurings in a time of rising cost of capital
• How far you could question the independence of expert evidence
• Public interest challenges to UK restructuring plans

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9fin’s European distressed and restructuring team had been closely monitoring the situation since it surfaced, enabling advisors to spot and pitch for mandates faster, and helping investors get ahead on new opportunities. Find out all about our coverage of Thames Water in this case study.