Schemes of Arrangement
Theory, Structure and Operation
2nd Edition
Published on 16. December 2021
Book
Hardback
452 pages
978-1-108-83532-9 (ISBN)
Description
Schemes of arrangement are an important and flexible mechanism, which can be used to reorganise a company's capital. Schemes have undergone a renaissance over the last twenty years, particularly as a debt restructuring device in the aftermath of the 2008 financial crisis when companies and their advisors have needed to develop effective tools for dealing with financial distress. The COVID-19 pandemic has provided a further incentive for jurisdictions to ensure that they have an effective debt restructuring mechanism in place. Schemes have also become the mechanism of choice for recommended takeovers. This book performs a critical, contextual and comparative analysis of schemes and their uses, examines recent developments in this area, including the Corporate Insolvency and Governance Act 2020, and considers whether further reform is needed to ensure that schemes continue to develop as an indispensable tool for companies for the future.
Reviews / Votes
'From an EU perspective, schemes of arrangement will remain the 'gold standard' for efficient and timely court-based restructurings. This book provides the most informative and detailed examination of schemes in law and practice available. If you wish to know how they work, how they compare to a restructuring plan or a company voluntary arrangement (CVA), or how they can help foreign companies even after Brexit, Jennifer Payne's second edition will leave none of your questions unanswered.' Stephan Madaus, Professor of Civil Law, Civil Procedure and Insolvency Law, Martin Luther University Halle-Wittenberg 'The importance of schemes of arrangement in insolvency law goes well beyond the UK borders. The attractiveness of the instrument has shaken European insolvency law, even triggering legal reform across Europe. Professor Payne's book is the single most important academic contribution on schemes, and, as such, a must-read for both academics and practitioners alike.' Ignacio Tirado, Secretary-General, UNIDROITMore details
Edition
2nd Revised edition
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Edition type
Revised edition
Illustrations
Worked examples or Exercises
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 29 mm
Weight
801 gr
ISBN-13
978-1-108-83532-9 (9781108835329)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
12/2021
Cambridge University Press
€116.99
Available for download
E-Book
12/2021
2nd Edition
Cambridge University Press
€116.99
Available for download
Previous edition
Book
06/2014
Cambridge University Press
€135.16
No shipping information available
Person
A published poet and writer, artist and spiritual ecologist, Jen Payne is the author of several books including LOOK UP! Musings on the Nature of Mindfulness, Evidence of Flossing: What We Leave Behind, Waiting Out the Storm, and Water Under the Bridge: A Sort-of Love Story. She is the creator/editor of MANIFEST (zine), and writes regularly on her blog: www.randomactsofwriting.net.Her work has been featured in numerous publications including the international anthology Coffee Poems: Reflections on Life with Coffee; the Guilford Poets Guild 20th Anniversary Anthology; Waking Up to the Earth: Connecticut Poets in a Time of Global Climate Crisis, edited by Connecticut's Poet Laureate Margaret Gibson; and The Perch, a publication by the Yale Program for Recovery and Community Health. Jen is the owner is Words by Jen, a graphic design and creative services company founded in 1993, based in Branford, Connecticut. She is a member of the Arts Council of Greater New Haven, Branford Arts and Cultural Alliance (BACA), and Guilford Art Center.
Content
1. Schemes of arrangement - an introduction; 2. The mechanics of a scheme of arrangement; 3. Member schemes of arrangement: takeover schemes; 4. Member schemes of arrangement: other examples; 5. Creditor schemes of arrangement: debt restructuring; 6. Creditor schemes of arrangement: other examples; 7. Cross-border issues; 8. Conclusion.