Script for meetings of scheme creditors
Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner
Script for meetings of scheme creditors

The following Restructuring & Insolvency precedent produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner provides comprehensive and up to date legal information covering:

  • Script for meetings of scheme creditors

    1. 1

      Introduction

      The time is now [insert the exact time] and I am opening the meeting of Scheme Creditors of [insert name of the company] [with [insert type of claim] claims and the meeting of Scheme Creditors of [insert name of the company] with [insert type of claim] Claims].

      I am [insert name], of [insert firm or company name][insert details of who the chairman is eg adviser/administrator/provisional liquidator, etc].

      The meeting[s] that [is OR are] taking place today [has OR have] been convened by the Company pursuant to an Order of the High Court of Justice of England & Wales made on [insert date]. The purpose of the Meeting[s] is to consider and if thought fit approve the scheme of arrangement under Part 26 of the Companies Act 2006 which the Company proposes to enter into with [certain of] its creditors. Under the Court Order, I have been appointed as Chairman of [each of] the Meeting[s]. [I am joined by [insert name], [CEO of the Company] and [insert name], of [insert firm], legal advisers to the Company.]

      [The order convening the Meetings provides for them to be opened together, and for the Chairman of the Meetings to address both Meetings generally on the Scheme, the method of voting at the Meetings and other appropriate matters. For the purposes of voting, however, since there are [insert number eg two]

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