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Schemes of Arrangement by Stephanie Cushing
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Schemes of Arrangement |
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Authors: | | Stephanie Cushing |
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Apr 2010 |
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| Synopsis: |
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A scheme of arrangement (a “Scheme”) under Article 125 of the Companies (Jersey) Law 1991 (“the Law”), is a statutory procedure under which a company makes an arrangement or compromise with its members or creditors (or a class of them).
The company does not have to be insolvent to enter into a Scheme, indeed, as we have seen from Jersey case law in the last few years, this procedure has predominantly been used outside the insolvency context. As in England, Schemes may be used in a number of circumstances to include; acquisitions, group reorganisations and demergers, as well as the removal of minority shareholders.
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| Practice Area: | | Litigation and Insolvency |
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| Jurisdiction: | | Jersey |
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| Download: |
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File size: 198 KB - Number of pages: 4 |
For more information download: Schemes of Arrangement.
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