Gaming Giant Can Push Ahead Toward €250M Restructuring

Law360, London (September 14, 2020, 3:48 PM BST) -- A judge on Monday gave international gaming operator Codere the go-ahead to convene a single meeting for creditors to vote on a restructuring plan involving €250 million ($296 million) in lending, despite arguments from a hedge fund with a minority stake that two separate voting classes are needed.

High Court Judge Sarah Falk said she took into account the points made by hedge fund Kyma Capital Ltd., including its assertion that a deal associated with the restructuring plan that's being offered to an ad hoc group of major creditors is better than that being offered to the hedge fund and other...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!