Cains advises on reorganisation plan

Cains acted for Central European Distribution Corporation, one of the world’s largest vodka producers, in relation to the Isle of Man aspects of its pre-packaged plan of reorganisation.

The work included the preparation of Isle of Man security documentation supporting the obligations of CEDC Finance Corporation International, Inc in respect of its issue of senior secured notes and convertible junior secured notes, and the provision of legal opinions to the trustee and security agent appointed in relation to the note issues.

The Cains team was led by Richard Vanderplank.