253 Protection of holders of securities to which special rights attachedMeetings of classes of creditors of a transferor company or of an existing transferee company need only be held in connection with a scheme for a reorganisation if their rights are modified or affected by the scheme1. If securities of a transferor company (other than shares) to which special rights are attached are held by a person otherwise than as a member or creditor of the company, the court may not approve the scheme unless under its terms that person is to receive rights in the transferee
Meetings of classes of creditors of a transferor company or of an existing transferee company need only be held in connection with a scheme for a reorganisation if their rights are modified or affected by the scheme1. If securities of a transferor company (other than shares) to which special rights are attached are held by a person otherwise than as a member or creditor of the company, the court may not approve the scheme unless under its terms that person is to receive rights in the transferee
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234