Sentences with phrase «schemes of arrangements between»

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.

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

Not exact matches

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 Court ruled that the scheme was a tax avoidance arrangement and commented in particular on the risk that the scheme would never be a profitable one, the gratuitous use of the promissory note mechanism and the timing mismatch between when expenditure was legally incurred and the point when it was required to be paid «in an economic sense».