Schemes of arrangement

Schemes of arrangement guidance:

Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner LLP Court Reference No:[ INSERT COURT REF. NUMBER] [IN THE HIGH COURT OF JUSTICE BUSINESS AND...

Precedents

The table below compares the features and benefits of a scheme of arrangement (see: Schemes of arrangement—overview) with two alternate processes available in England and...

Practice Note

Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner LLP Court Reference No:[ INSERT COURT REF. NUMBER] [IN THE HIGH COURT OF JUSTICE BUSINESS AND...

Precedents

[IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS [OF ENGLAND AND WALES] [IN [INSERT LOCATION]][ INSOLVENCY AND COMPANIES LIST (ChD)] OR [IN THE COUNTY COURT AT...

Precedents

In December 2015, Newey J sanctioned a scheme of arrangement for part of the Spanish Codere group, in an interesting case of good forum shopping. Brexit impact As of exit...

Practice Note

The Insolvency (England and Wales) Rules 2016 (IR 2016) provide a revised scheme for decision-making in all insolvency procedures. The detailed provisions for...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

The effect of a scheme of arrangement (scheme) At the second scheme hearing the court may give an order sanctioning a scheme. Section 899(3) of the Companies Act 2006 (CA...

Practice Note

This Practice Note should be read in conjunction with Practice Note: Schemes of arrangement—convening hearing and sanction hearing in light of the different role that the...

Practice Note

Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner LLP This document is important and requires your immediate attention If you are in any doubt...

Precedents

DateAction From 98 days before the directions hearingDraft scheme of arrangement, explanatory statement, and proxy form (see Precedents: SCHEME OF ARRANGEMENT,...

Precedents

In September 2017, the Grand Court of the Cayman Islands (Parker J) sanctioned four separate interlinked Cayman Islands schemes of arrangement to restructure the...

Practice Note

Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner LLP Court Reference No:[ INSERT COURT REF. NUMBER] [IN THE HIGH COURT OF JUSTICE BUSINESS AND...

Precedents

Premier Oil is one of several companies in the oil & gas sector that has had to evaluate its financing options to adapt to the impact of a prolonged low oil price...

Practice Note

Administration of the scheme The scheme document will need to specify how the scheme of arrangement (scheme) will be administered and by whom. In circumstances where...

Practice Note

Administration of the scheme The scheme document will need to specify how the scheme of arrangement (scheme) will be administered and by whom. In circumstances where...

Practice Note

Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner LLP Court Reference No:[ INSERT COURT REF. NUMBER] [IN THE HIGH COURT OF JUSTICE BUSINESS AND...

Precedents

These FAQs were last updated on [insert date the Company last updated these FAQs]. Q1: Why have you contacted me? We are writing to everyone we think might be a creditor...

Precedents

Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner LLP (pursuant to part 26 of the companies act 2006 of great britain) between [insert name of...

Precedents

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Timing In most cases, a court is not likely to see a class composition issue at the convening hearing if a company that is promoting a scheme enters into an agreement...

Practice Note

This Practice Note looks at the general principles involved in determining class issues. For a more detailed look at what may or may not fracture a class, see Checklist:...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

This Practice Note sets out certain key cases and associated relevant content in relation to schemes of arrangement. The cases are divided by topic area and include: •...

Practice Note

Schemes of arrangement—definition and basis in statute A scheme of arrangement is a court-sanctioned compromise between a company and its creditors or members. The...

Practice Note

The voting requirement As set out in Practice Note: Schemes of arrangement—process and statutory framework, the Companies Act 2006, CA 2006, s 899(1) provides that a...

Practice Note

Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner LLP 1 Introduction The time is now [insert the exact time] and I am opening the meeting of...

Precedents

FORTHCOMING CHANGES relating to insolvency and tax: Finance Bill 2019–20 introduces provisions where: • with effect for business insolvencies that commence on or after 6...

Practice Note
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