Schemes of Arrangement in Corporate Restructuring

With schemes of arrangement now the favoured tool in complex cross-border corporate restructuring, this new work provides in-depth guidance on the legal principles, formal procedures and practical questions facing practitioners.

It is a specifically practical text featuring extensive precedent material and detailed case studies of schemes in operation.

• Explains the different types of scheme available, including 'pre-pack' schemes, assessing their comparative advantages and disadvantages
• Explores the underlying legal principles, including 'timing' and 'compromise'
• Sets out a 'three-stage' guide to schemes, from first court-hearing through to the 'sanction hearing'
• Goes through each stage of the scheme process in detail
• Features extensive precedents, including examples of schemes, letters, claim forms, statements, court orders, proxies and expert opinions, and hearing materials
• Illustrates the issues covered by reference to detailed UK, US and European case studies compiled from the author's experience
• Deals with the complex cross-border and jurisdictional issues facing practitioners
• Discusses how to get multi-national schemes recognised
• Looks at the involvement of COMI in the recognition process
• Examines bondholder issues
• Looks at common issues with schemes including competition, pensions, regulation, accounting, confidentiality and voidability
• Provides a comparative analysis with other procedures including CVAs and Administrations