Schemes of arrangement

Schemes of arrangement guidance:

Court Reference No:[ INSERT COURT REF. NUMBER] [IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS [OF ENGLAND AND WALES] [IN [INSERT LOCATION]] [ INSOLVENCY AND...

Precedents

STOP PRESS: The Corporate Insolvency and Governance Act 2020 (CIGA 2020), in force from 26 June 2020, abolishes the moratorium procedure for small companies under...

Practice Note

Court Reference No:[ INSERT COURT REF. NUMBER] [IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS [OF ENGLAND AND WALES] [IN [INSERT LOCATION]] [ INSOLVENCY 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

Coronavirus (COVID-19) This content is affected by the coronavirus (COVID-19) pandemic. For further details, take a look at our Coronavirus (COVID-19) toolkit and...

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

This document is important and requires your immediate attention If you are in any doubt as to any aspect of this proposal or as to the action you should take, you should...

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

Court Reference No:[ INSERT COURT REF. NUMBER] [IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS [OF ENGLAND AND WALES] [IN [INSERT LOCATION]] [ INSOLVENCY 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

Coronavirus (COVID-19) This content is affected by the coronavirus (COVID-19) pandemic. For further details, take a look at our Coronavirus (COVID-19) toolkit. For...

Practice Note

Court Reference No:[ INSERT COURT REF. NUMBER] [IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS [OF ENGLAND AND WALES] [IN [INSERT LOCATION]] [ INSOLVENCY 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

(pursuant to part 26 of the companies act 2006 of great britain) between [insert name of company] and its Scheme creditors (as defined in the Scheme of Arrangement) Dated...

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

Coronavirus (COVID-19) This content is affected by the coronavirus (COVID-19) pandemic. For further details, take a look at our Coronavirus (COVID-19) toolkit and...

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

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]...

Precedents

FORTHCOMING CHANGES relating to insolvency and tax: Finance Bill 2020 introduces provisions where: • with effect for business insolvencies that commence on or after 1...

Practice Note

Coronavirus (COVID-19) This content is affected by the coronavirus (COVID-19) pandemic. For further details, take a look at our Coronavirus (COVID-19) toolkit and...

Practice Note
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