- The court’s role in the convening hearing stage of a scheme of arrangement process (Re Stronghold Insurance Company Ltd)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
Restructuring & Insolvency analysis: In Re Stronghold Insurance Company Ltd, the judge decided whether an insurance company proposing a scheme of arrangement should convene a single class meeting of creditors. Jonathan Akinluyi and Riccardo Alonzi, associates at Skadden, Arps, Slate, Meagher & Flom (UK) LLP, discuss the implications of the decision.
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