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Scheme of arrangement information


A scheme of arrangement (or a "scheme of reconstruction") is a court-approved agreement between a company and its shareholders or creditors (e.g. lenders or debenture holders). It may affect mergers and amalgamations and may alter shareholder or creditor rights.

Schemes of arrangement are used to execute arbitrary changes in the structure of a business and thus are used when a reorganisation cannot be achieved by other means. They may be used for rescheduling debt, for takeovers, and for returns of capital, among other purposes. It is not a formal insolvency procedure, but it can be used alongside insolvency procedures such as administration.[1]

  1. ^ Alastair Goldrein, 'Ready, Willing and Able, but Perhaps Not Always Acceptable: UK Schemes of Arrangement in Europe' (2011) 7 Pratt's J Bankr L 113

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Scheme of arrangement

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A scheme of arrangement (or a "scheme of reconstruction") is a court-approved agreement between a company and its shareholders or creditors (e.g. lenders...

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Mergers and acquisitions in United Kingdom law

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reconstructions or takeovers). There are three main areas of law, those to do with schemes of arrangement overseen by a court, those for general reconstructions...

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UltraTech Cement

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integrated cement plants for ₹16,189 cr. 2018 - Entered into a scheme of arrangement with Century Textile and Industries to demerge Century's cement...

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OZ Minerals

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approves Oz Minerals scheme of arrangement BHP 17 April 2023 Scheme of Arrangement becomes effective Oz Minerals 18 April 2023 Vast majority of Oz Minerals jobs...

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Wipro

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original on 5 November 2013. Retrieved 15 November 2013. "Wipro's Scheme of Arrangement for Demerger Effective from March 31, 2013". Wipro. 2 April 2013...

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Sinus venosus

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condition of the heart. Heart of human embryo of about fourteen days. Scheme of arrangement of parietal veins. Atrial septal defect Bulbus cordis Ducts of Cuvier...

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Hong Kong insolvency law

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shield the company from its creditors whilst trying to implement a scheme of arrangement by asking the courts to appoint a provisional liquidator, but that...

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Conservatorship

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the daily activities, such as healthcare or living arrangements of the conservatee. A conservator of the person is more typically called a legal guardian...

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ITC Hotels

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in 2023. The board of ITC Ltd. granted in-principle approval for the demerger under a scheme of arrangement. Sanjiv Puri, the CMD of ITC, elaborated that...

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BHP

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scheme deed in #9.6b deal Australian Financial Review 21 December 2022 Court approves Oz Minerals scheme of arrangement BHP 17 April 2023 Scheme of Arrangement...

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Orient Electric

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circuit". 14 May 2018. How Orient Electric is reinventing itself Scheme of arrangement Orient Electric enters Health Applainces space, launches UV Sanitech...

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Bankruptcy

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fixing or redistribution arrangements. Falsifications on bankruptcy forms often constitute perjury. Multiple filings are not in and of themselves criminal...

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Sinar Mas

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Since July 2015, the Berau Group has brought 4 separate rounds of scheme of arrangement / moratorium proceedings, with terms which have been described...

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APCOA Parking

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50% of debt value. Due to the failure of the first process, management decided to restructure itself using a court supervised UK-Scheme of arrangement. With...

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IWG plc

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office provider with a £65.6m cash bid. In December 2016, under a scheme of arrangement, the company established a new holding company IWG (International...

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Examinership

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prepare a scheme of arrangement, which must be approved by at least one class of creditors of the company. If it can be shown that the scheme provides...

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Union Bank of Nigeria

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other shareholders of Union Bank in November 2022 and, subsequently, a squeeze out of minority shareholders through a scheme of arrangement in May 2023. Consequent...

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Tilt Renewables

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largest shareholders and independent board members. The proposed scheme of arrangement would be worth A$2.75 billion by a consortium where the New Zealand...

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FTSE 100 Index

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Nationality Review of Companies Amendment". FTSE Russell. 9 August 2021. Retrieved 17 September 2021. "Kelda Group PLC (UK): Scheme of Arrangement". FTSE Group...

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Coles Group

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approval of the sale of Coles Group to Wesfarmers. The Scheme of Arrangement between Coles Group and its shareholders was approved by the Supreme Court of Victoria...

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Insolvency

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"Restructure your business through the Companies' Creditors Arrangement Act". Office of the Superintendent of Bankruptcy Canada. Archived from the original on 10...

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Creditor

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summoning a meeting of the creditors or some of the creditors who fall into a specific category, in order to consider a compromise or "arrangement" between the...

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Siti Networks

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Limited (ZTL) – the publicly listed flagship company of Zee Group. As per the Scheme of Arrangement approved by the High Court in Mumbai, all the cable...

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Bankwest

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BankWest Sydney Morning Herald 9 June 2003 HBOS - Bank of Western Australia Scheme of Arrangement become effective Bankwest 26 August 2003 "API and BankWest...

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