Jersey:
Insolvency: Exploring The Use Of Parallel Schemes Of Arrangement
10 February 2015
Bedell Cristin
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There has been continued growth in companies incorporated
outside England using the scheme of arrangement regime contained in
the UK Companies Act 2006 to restructure debts governed by English
law. But in what circumstances should the debtor also initiate a
parallel (or mirror) scheme in the debtor's home jurisdiction
under its own local law?
The purpose of this article is to explore the use of parallel
schemes of arrangement, taking in particular the example of a
Jersey company with English law governed debts and operations
worldwide.
For the full article please click
here.
Originally published in International Corporate
Rescue.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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