Sanctioning order for scheme of arrangement

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Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner
Precedents

Sanctioning order for scheme of arrangement

Copyright © 2025 LexisNexis

Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner

Precedents
imgtext

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 COMPANIES LIST (ChD)]

OR

[IN THE COUNTY COURT AT [INSERT LOCATION]]

[BUSINESS AND PROPERTY COURTS LIST]

OR

[IN THE HIGH COURT OF JUSTICE

[CHANCERY DIVISION]

Geraldine Quirk
Geraldine Quirk chambers

Partner, Bryan Cave Leighton Paisner

Gerry has over 15 years’ experience advising clients in the insurance sector on a broad range of non—contentious issues. Gerry is one of the leading experts on portfolio transfer schemes, particularly in the legacy/run-off industry, and has developed a reputation as one of the ‘go to’ lawyers in this area. She is also a regulatory expert, advising on Solvency II, perimeter guidance, governance and conduct.

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Scheme of Arrangement definition
What does Scheme of Arrangement mean?

A formal arrangement in the UK between the company and its creditors and/or its members (or a class of its creditors or members) pursuant to Part 26 of the Companies Act 2006 (CA 2006) (otherwise known as a scheme or Part 26 Scheme) which is sanctioned by court. The voting threshold for approval of the scheme is 75% by value and a majority in number of creditors (or members) or any class thereof voting in person or by proxy at each of the scheme meetings. This voting majority means that dissenting creditors can be easily crammed down.

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