A Proven Track Record
We acted for the Examiner in this matter which proves that there is hope in these incredibly difficult times. This case sets a precedent for the hospitality industry; the first of its kind to come out of Examinership post-Covid.
The Court approved the Examiner’s proposals for a Scheme of Arrangement. The proposals set out a clear path for the Company to continue as a going concern even with massive pressure on cash flow due to imposed restrictions. Jobs have been saved and livelihoods protected which is crucial in these unprecedented times.