Legal News

High Court allows virtual scheme meeting to be held (Re Castle Trust Direct Plc and others)

High Court allows virtual scheme meeting to be held (Re Castle Trust Direct Plc and others)
Published on: 13 May 2020
Published by: LexisPSL
  • High Court allows virtual scheme meeting to be held (Re Castle Trust Direct Plc and others)
  • What was the background?
  • What directions were sought for the conduct of the meeting?
  • What was the key legal issue?
  • What did the court decide?
  • What are the practical implications for shareholder and creditor meetings?
  • Case details

Article summary

Corporate analysis: This case analysis looks at the recent High Court decision to allow a creditors’ scheme meeting to be held electronically by telephone without the creditors needing to come together physically. The decision is a helpful illustration of the flexible approach the courts may take when issuing directions for the conduct of scheme meetings in light of the social distancing restrictions in place following the coronavirus (COVID-19) pandemic. or take a trial to read the full analysis.

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