Amigo – comment

At the convening hearing yesterday in the High Court the judge commented that he was minded to approve the schemes being sent forward to a creditors vote. The supportive comment was not a surprise given insolvency was the alternative, but it is another step on the road to Amigo 2.0. The formal judgment is expected to be published in a “few days” with the Creditors meeting currently scheduled for 12th May 2022. If supported, the scheme would go forward for approval at a hearing scheduled for 23rd and 24th May.