Sentences with phrase «u.k. scheme of arrangement»

Programmed Maintenance Services» $ 424 million takeover of its larger competitor Skilled Group is a step closer to fruition, after Skilled shareholders voted in favour of the scheme of arrangement today.

Mining - focused private equity firm Resource Capital Funds is seeking to privatise engineering and construction contractor Ausenco by way of a scheme of arrangement.

THE long - running bid by CI Resources Ltd for unlisted Christmas Island phosphate miner Phosphate Resources Ltd has hit a major hurdle, failing to win Federal Court approval for its proposed scheme of arrangement.

The proposed acquisition will be done by way of a scheme of arrangement and the Chinese group plans to delist and take the Singapore - listed firm private.

That was to be followed by another court hearing to approve the scheme of arrangement, which was scheduled to be implemented in February.

StateWest had sought court orders to convene a meeting of its members to consider the proposed scheme of arrangement and to approve the dispatch of the scheme booklet to its members.

Atlas said the restructuring was expected to be implemented via a creditor's scheme of arrangement, implying it had not achieved unanimous support from its lenders for the plan.

Wilmar and First Pacific would prefer a friendly deal through a board - backed scheme of arrangement, but analysts said they may have to go hostile at some stage.

Both KKR / Rhone and TPG Capital have signalled they will use a scheme of arrangement in any final proposal.

Both KKR and TPG want to do the deal under a scheme of arrangement proposal.

The Treasury board has sent a clear signal to the market that a change of control is a strong likelihood, by foreshadowing on Friday that it wanted to coincide its upcoming annual general meeting with any scheme of arrangement meeting where shareholders will be required to vote to wave through any takeover.

For example, you can vote against a proposed scheme of arrangement, decline to accept an offer under a takeover bid, or object to a notice of compulsory acquisition.

If a scheme of arrangement is used, all shareholders will vote on the offer and your shares will be acquired only if the resolution is passed.

As per the proposed scheme of arrangement, IIFL will invest Rs 100 crore into the company.

He has been involved in preparing schemes of arrangements between companies and their creditors and reconstruction and amalgamation schemes for solvent groups of companies, often under time - sensitive and pressing conditions.

TPG Capital in relation to its acquisition of Alinta Energy via a series of debt - for - equity schemes of arrangement.

The offer, that will be implemented by way of a U.K. scheme of arrangement, is subject to regulatory and antitrust approvals and other customary conditions.

Ben's transactional work has included both creditor and member schemes of arrangement under Part 26 of the Companies Act 2006, numerous reductions of capital and other reserves for listed public companies and cross-border mergers under the Companies (Cross-Border Mergers) Regulations 2007.

James Lewis has over 25 years» experience in a broad range of international and domestic corporate finance transactions; IPOs and equity and debt issues, acting for the issuer and the sponsor / broker; public and private mergers and acquisitions (including by takeover offer and scheme of arrangement); and redomicile transactions and reorganisations.

Investment funds partner Robert Milner, who regularly advises GCP, led the transaction particularly in respect of regulatory matters alongside corporate partner Guy Coltman and dispute resolution partner Andreas Kistler who advised on the scheme of arrangement.

Carey Olsen advised GCP IIL in acquiring the shares of GCP IFL by way of a scheme of arrangement.

He was instructed for the preference shareholders in the Barings Litigation; Law Debenture Trust Corporation Plc v Elektrim Finance NV and Ors (termination of trust bond under Saunders v Vautier rule); advised a major rock group (Queen) on a shareholder dispute; been instructed in respect of shareholder disputes in the Cayman Islands and the British Virgin Islands; recently advised on two separate schemes of arrangement under s. 425 of the Companies Act; recently appeared in the Turks & Caicos Islands on multi-million dollar breach of director's duties; acted in the US$ 3bn shareholder dispute between Telenor East and Vimpelcom and Altimo Group; acted for bank seeking to recover US$ 200m in VTB v Nutritek (Supreme Court judgment).

The use of a scheme of arrangement as a technique to restructure a mix of Jersey regulated and unregulated funds had never been implemented before and required a highly complex process involving the Jersey Courts, the Jersey Financial Services Commission (JFSC), the Channel Islands Securities Exchange (CISE) and the UK Listing Authority.

He has acted for the liquidator in Edennote v Terry Venables; successfully resisted the winding - up of Stock, Aiken & Waterman; acted for the preference shareholders in the Barings dispute; advises on claims involving the transaction avoidance provisions of the Insolvency Act; appeared in Edward Klempka: In Re Parkside — important authority on the question of what amounts to a preference when dealing with common directorships; acted for the Cayman Islands» appointed SPC Receiver in the # 100m Axiom LItigiation Funding Fraud case which involved the first case of a SPC Receiver being recognised under the Cross-Border Insolvency Regulations 2006; has recently advised on several schemes of arrangement; regularly advises on recovery of assets in an insolvency context using the transaction avoidance rules.

Gravis Capital Partners (GCP) has been successfully advised by Carey Olsen on the landmark restructuring of two existing Jersey funds, GCP Infrastructure Fund Limited (GCP IFL) and GCP Infrastructure Investments Limited (GCP IIL), by way of a Court - sanctioned scheme of arrangement, and the introduction of a new feeder fund, GCP Infrastructure OEIC Limited.

Our work includes directors» duties (as they arise both in claims for their breach and in disqualification actions), shareholder disputes, takeovers, mergers and acquisitions, corporate reconstructions, loan capital and banking securities, schemes of arrangement and reductions of capital, and insurance schemes.

The transaction was structured by way of a scheme of arrangement under Part 26 of the Companies Act 2006.

«Creditor Schemes of Arrangement and Company Voluntary Arrangements in recent debt restructurings», Corporate Rescue and Insolvency, 2013 (with Raquel Agnello QC)

Advice and drafting in relation to a proposed scheme of arrangement involving an English company in administration and a Luxembourg company in provisional administration (with Martin Moore QC).

It was also relevant that under a CVA all the creditors of the company vote in one block — in a scheme of arrangement different classes of creditors are separated from each other and can veto in their separate capacities.

If a scheme of arrangement had been proposed the landlords would have been able to block it.

The transaction involved a number of complexities — including the elimination of # 2bn of debt via a scheme of arrangement — and several challenging procurement issues.

SABMiller October 2016 scheme of arrangement as part of the acquisition of the then second largest brewer in the world.

The transaction, implemented via two Australian creditors» schemes of arrangement and a subsequent recapitalisation through a partial debt - for - equity swap, sees Bis cut its total debt from approximately A$ 1.2 billion to approximately A$ 280 million (plus A$ 38 million of finance leases).

This is the first Hong Kong decision where a scheme of arrangement was sanctioned by the Hong Kong Court following a letter of request from a foreign Court.

He is renowned for the expertise he brings to a variety of matters in the field of company law, and is particularly well known for handling with care and consideration cases concerning schemes of arrangement, corporate reorganisations and insurance company schemes.

Once a recommended deal had been reached, Linklaters worked with Freshfields Bruckhaus Deringer (lead adviser to AB InBev), to finalise a deal structure involving a Belgian offer and Belgian merger process in addition to the UK scheme of arrangement.

Re Anglo American Insurance Co Ltd [2001] 1 BCLC 755 (Neuberger J. — Chancery Division) Questions concerning set - off arrangements raised on the hearing of a petition seeking sanction for a creditors» scheme of arrangement under Section 425 of the Companies Act 1985.

Re Expro International Group Plc [2010] 2 BCLC 514 (David Richards J. — Chancery Division) Application for the sanction of a scheme of arrangement, and rival application to adjourn, involving consideration of the Takeover Code, particularly rule 2.8.

David is regularly instructed on company reorganisations and schemes of arrangement and other corporate transactions and has been involved in some of the largest and most high - profile transactions of recent years.

The first Court decision on «share splitting» in the context of a scheme of arrangement, in which 6 Erskine barristers represented different parties.

The liquidators of a Cayman hedge fund (SPhinX Ltd)-- this was a long term involvement in two major schemes of arrangement between 2009 - 2014, requiring numerous hearings in the Cayman court

Bracell will be privatised by way of a scheme of arrangement under the Bermuda Companies Act and in accordance with the requirements of the Hong Kong Code on Takeovers and Mergers and the listing rules of the Hong Kong Stock Exchange.

A Cayman company on a scheme of arrangement to reorganise members» rights and liabilities involving hearings in the Cayman court

Sherrards also has experience in advising insolvency practitioners acting as administrators on all aspects of insolvency law, assisting with the legal aspects of group re-organisations and restructurings, schemes of arrangement, business and property sales, pre-packs and the investigation of prior transactions entered into by the company or its directors.

Rodenstock GmbH — establishing the English court's jurisdiction to sanction a scheme of arrangement by an EU company

Ceri has had success in the Supreme Court in Enviroco v Farstad Supply, and is a go - to silk for schemes of arrangement in the UK and offshore.

Ceri has had key roles in ground - breaking creditor schemes of arrangement in the UK and offshore, such as Rodenstock GmbH, T&N Ltd and recently in the SPhinX liquidation in the Cayman Islands.

Mayer Brown, a global leading law firm, today announced The Vietnam Shipbuilding Industry Group («Vinashin»), a Vietnamese government - owned company registered in Vietnam, yesterday successfully applied to the High Court for sanction of a scheme of arrangement

This case is an excellent example of the flexibility of a scheme of arrangement to assist the restructuring of any company with a sufficient connection to England and of the English Courts» «can do» approach when it comes to restructurings proposed for the benefit of a company's creditors as a whole.»