Practice Statement (Companies: Schemes of Arrangement)

JurisdictionEngland & Wales
Judgment Date2002
Date2002
Year2002
CourtChancery Division
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47 cases
  • AIRASIA X BERHADS. Suhendran vs Kwan Will SenBOC AVIATION LIMITED
    • Malaysia
    • High Court (Malaysia)
    • 19 February 2021
    ...if thought fit approve the class meetings as proposed. [37] This led to a new Practice Statement (companies: schemes of arrangement) [2002] 3 All ER 96, [2002] 1 WLR 1345 („PS which makes it clear that the court‟s function at the Convening Stage is to deal with any questions of jurisdiction......
  • Re Millstream Recycling Ltd
    • Ireland
    • High Court
    • 9 March 2010
    ...1985/3/652 PALMER & SCHMITTHOFF PALMERS COMPANY LAW 23ED 1982 PRACTICE STATEMENT (COMPANIES: SCHEMES OF ARRANGEMENT) 2002 3 AER 96 2002 1 WLR 1345 2002 BCC 355 T & N LTD & ORS (NO 3), IN RE 2007 1 AER 851 2007 1 BCLC 563 2007 BUS LR 1411 RSC O.75 r5(X) RSC O.75 r21 RSC O.75 r5 RSC O.75 r22 ......
  • Re Sovereign Marine and General Insurance Company Ltd and other companies
    • United Kingdom
    • Chancery Division
    • 12 July 2007
    ...by Morritt V-C on 15 April 2002 concerning the convening of class meetings ( Practice Statement: Schemes of Arrangement with Creditors [2002] 1 WLR 1345) Lewison J said this at paragraph 56: "The function of the court at the first stage is "emphatically not" to consider the merits or fairne......
  • Re Cape Plc
    • United Kingdom
    • Chancery Division
    • 7 June 2006
    ...for this purpose. Applications were made to the court in June and November 2005 for directions in accordance with the Practice Statement (Companies: Schemes of Arrangement) [2002] 1WLR 1345 as to the notification to be given to persons potentially affected by the scheme. In a case such as t......
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2 firm's commentaries
  • Bermuda Schemes Of Arrangement: Delivering Global Restructurings And Reorganisations
    • Bermuda
    • Mondaq Bermuda
    • 21 May 2019
    ...decision in Re Hawk Insurance Co Ltd [2001] 2 BCLC 480 and parallels UK Practice Direction 'Scheme of Arrangements with Creditors' [2002] 3 All ER 96. Kader Holdings Company Limited v Desarrollo Immobiliario Negocios Industriales de Alta Technologia de Hermosilio, S.A. de CV [2014] CA (Bda)......
  • English Schemes Of Arrangement: Some Practical Advice For Proponents
    • United Kingdom
    • Mondaq UK
    • 31 July 2015
    ...to an existing agreement with creditors, these should be drawn to creditors attention prior to their voting on the scheme. Footnote [2002] 1 WLR 1345 The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific...
3 books & journal articles
  • Schemes of arrangement
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...modified by the LLP Regulations 2009. 7 Re BTR plc [2000] 1 BCLC 740 at 742. 8 Practice Statement (Companies: Schemes of Arrangement) [2002] 1 WLR 1345. 9 Re BTR plc [2000] 1 BCLC 740 at 742. 10 Practice Statement (Companies: Schemes of Arrangement) [2002] 1 WLR 1345. 11 Re Hawk Insurance C......
  • Table of Cases
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...166 Powdrill v Watson, Re Paramount Airways Ltd (No 3) [1994] 2 All ER 513 210 Practice Statement (Companies: Scheme of Arrangement) [2002] 1 WLR 1345 24, 27, 29, 30 Prest v Petrodell Resources Ltd and Others [2013] UKSC 34, [2013] 2 AC 415 477 Primlaks (UK) Ltd (No 2), Re [1990] BCLC 234 8......
  • Insolvency Law
    • Singapore
    • Singapore Academy of Law Annual Review No. 2012, December 2012
    • 1 December 2012
    ...of Appeal also considered the practice in the United Kingdom as governed by the UK Practice Statement (Companies: Scheme of Arrangement)[2002] 1 WLR 1345 (‘the Practice Statement’). The Practice Statement places the responsibility on the applicant company to determine whether more than one ......

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