Paul Hastings Guides Enzen Group Restructuring with Historic Court Sanction

Paul Hastings LLP advised senior secured lenders and shareholders in the restructuring of Enzen Global Limited and Enzen Limited, completed on April 1, 2025. This operation represented a significant shift in policy as the UK High Court sanctioned the restructuring plans, which received HMRC's unprecedented support despite the impairment of its preferential debts. The transaction, facilitated under Part 26A of the Companies Act 2006, marks the first occasion HMRC not only compromised its position but actively voted for restructuring, underscoring a strategic evolution in handling distressed assets. The execution of this landmark restructuring was led by a team of seasoned experts from Paul Hastings, including various partners and associates across multiple specializations such as restructuring, litigation, tax, corporate, and leveraged finance.