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Jurisdiction(s):
United Kingdom

Scottish Court of Session sanctions Dobbies Part 26A plan: cross-class cram down of six dissenting creditor classes, business rates compromise, parent guarantee releases, £23m new money

Practice notes
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Dobbies Garden Centres Limited sought a Part 26A restructuring plan at a convening hearing in October 2024 and a sanction hearing in December 2024 before the Scottish Outer House, Court of Session. The key headline points are set out below (capitalised terms not defined here have the meanings given in the sanction judgment). This Deal Debrief forms part of our Restructuring plans collection. For an in‑depth analysis of key metrics from RPs filed in England & Wales in 2023, together with commentary from leading figures in the restructuring sphere, see Practice Note: Market Insights Trend Report—trends in Part 26A restructuring plans in 2023 [Archived].

Name of plan company

Dobbies Garden Centres Limited (the Company)

Industry sector

Garden centres

Place of debtor’s incorporation and jurisdictional factors

The Company was incorporated in Scotland and its centre of main interests (COMI) was in Scotland.

Legal counsel involved

The Company: Almira Delibegovic-Broome KC and Elisabeth Roxburgh (instructed by Burness Paull LLP and Macfarlanes LLP)

Timeline

  • 27 September 2024: intragroup deed of waiver executed between the Company, Propco3 and Bidco, effective from the Restructuring Effective Date
  • 30 September 2024: Practice Statement Letter (PSL) circulated (although not required in Scotland, the plan proponents considered this appropriate)...
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Web page updated on 21/05/2026

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