Archive for the 'schemes of arrangement' Category

In re Lehman Brothers International (Europe) (in administration) (No 2) – WLR Daily

In re Lehman Brothers International (Europe) (in administration) (No 2) [2009[ EWCA Civ 1161; [2009] WLR (D) 323

“The court had no jurisdiction under Pt 26 of the Companies Act 2006 to sanction a scheme of arrangement which extended to the release of rights over property held by the company under a trust since it did not constitute a compromise or arrangement between the company and its creditors within s 899 of the 2006 Act.”

WLR Daily, 10th November 2009

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

In re Lehman Brothers International (Europe) (in administration)(No 2) – WLR Daily

In re Lehman Brothers International (Europe) (in administration)(No 2) [2009] EWHC 2141 (Ch); [2009] WLR (D) 287

“The court had no jurisdiction under Pt 26 of the Companies Act 2006 to sanction, so as to make binding on dissentients, a scheme of arrangement which had as its purpose the distribution of property held by a company on trust.”

WLR Daily, 26th August 2009

Source: www.lawreports.co.uk

Please note once a case is fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.


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