Dublin reaffirms its credentials as a key EU restructuring venue
The recent approval by the Irish High Court of a scheme of arrangement that restructured US$1.65bn liabilities of Ballantyne Re plc (Ballantyne) confirms Dublin as one of the most effective restructuring venues in the EU.
The detailed decision of Justice Barniville offers significant precedential value and is a clear endorsement that Irish schemes can be used to implement complex, cross border restructurings.
Date published: 12 July 2019