Schemes of Arrangement Law and Practice

• The only book to cover creditor and member schemes of arrangement
• Covers technical and practical issues which often arise in the course of practice
• Assimilates the relevant case law and explains it in a practical context
• Examination of the international recognition of schemes provides valuable insight into the increasingly popular use of creditor schemes in foreign companies
• Author team includes experts from law firms and the UK bar

This new guide to schemes of arrangement draws together all of the elements of the law and practice concerning both creditor and member schemes.

Member schemes of arrangement have become the preferred method of implementing takeovers in the UK. Creditor schemes of arrangement are increasingly used in restructuring matters and the trend in their usage in foreign companies is likely to continue as many credit documents across Europe are arranged and underwritten in London under English law. The book considers the effect given to an English scheme in foreign jurisdictions, and other Private International Law issues.

A major issue for those considering a scheme for creditors is whether a scheme or CVA (Company Voluntary Arrangement) is more appropriate and this book assists the reader by including an analysis of the pros and cons of schemes and CVAs.

There are very few sources of information on schemes of arrangement and the area takes much of its substance from case law. This book, addressing the law and practical issues faced by practitioners on a day-to-day basis, is a first in the field.

Readership: Practitioners in the corporate, finance and restructuring and insolvency areas especially in Commonwealth jurisdictions, but also in the US and Europe.