Georgia Papathanasiou
Georgia Papathanasiou has experience acting for major financial institutions, private equity sponsors, corporate advisory firms and large multinational companies in contentious and non-contentious matters related to complex refinancing, administration and liquidation, schemes of arrangement, restructuring plans and cross-border transactions.
Her representative transactions include:
· advising Ares on the refinancing of TalkTalk Telecom Group
· advising Lehman Brothers Holdings Inc on its subordinated debt litigation with various UK subsidiaries, concerning the relative ranking of over $10 billion of subordinated claims in the UK estates
· advising IGM Resins and its sponsor on their restructuring implemented using a UK scheme of arrangement
· advising the Chapter 11 plan administrator in the US$1.19 billion restructuring of the China Fishery Group, including in connection with the Part 26A restructuring plan
Practice Area
Panel
- Contributing Author
Qualified Year
- 2021
Qualifications
- LLB, 2018
- LPC & LLM, 2019
Education
- University of York, 2018
- BPP Law School, Legal Practice Course, 2019
1 Contributions by Georgia Papathanasiou
PRACTICE NOTES
Transfer schemes under Companies Act 2006, s 900: reconstruction and amalgamation, comparison with s 895 schemes, court powers, shareholder commonality, limitations and key cases
Executive summary
a reconstruction or amalgamation scheme—commonly termed a transfer scheme (transfer scheme)—constitutes a form of scheme of arrangement pursuant to section 900 of the Companies Act 2006 (CA 2006)
transfer schemes are not commonly encountered in practice. The limited reported instances of approved transfer schemes concern solvent corporate reorganisations
the process and formalities mirror, in broad terms, those for a scheme of arrangement under CA 2006, s 895 (section 895 scheme) (see: Schemes of arrangement—overview and Practice Note: The Practice Statement for Part 26 schemes and Part 26A restructuring plans (2025)). That said, when considering whether to sanction a transfer scheme, the court’s powers under CA 2006, s 900 are more extensive than those exercised on a section 895 scheme
in a transfer scheme, the transferor and transferee companies must share substantially the same shareholder base; consequently, transfer schemes cannot implement takeover offers or debt for equity swaps (see Practice Note: Debt for equity swaps)
unlike section 895 schemes (see: Schemes of arrangement—overview), transfer schemes are not available in respect of companies...
Restructuring & Insolvency
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