Vroon News
Norton Rose Fulbright advises on first-of-its-kind parallel restructuring
Global law firm - Norton Rose Fulbright has advised a committee of secured creditors on the first-of-its-kind restructuring of international shipping company - Vroon, which was completed on 12 June 2023. Parallel restructuring This was the first restructuring to be carried out using a parallel English scheme of arrangement and the Dutch WHOA plan. This restructuring involved certain lenders receiving participations in a new syndicated secured facility, while other lenders had their faci...