UK court seeks to bind Gategroup’s Swissie bondholders

Bjoern Wylezich/Björn Wylezich - stock.adobe.com

Holders of Gategroup’s Swiss franc high yield bonds, thought to be mostly retail investors, look set to be bound by a High Court of England and Wales judgement — handed down on Wednesday — in the restructuring of the in-flight food provider’s debt, despite bond terms giving exclusive jurisdiction to the courts of Zurich.