Lois Deasey
Lois advises sponsors, debtors, creditors and other stakeholders on domestic and cross-border restructuring, insolvency and capital solutions transactions.
She is recognized in leading legal directories including Chambers UK, described by clients as “excellent in all respects” for Restructuring/Insolvency and in the Legal 500 UK as a key lawyer for Corporate Restructuring. She has been featured in IFLR1000 Women Leaders 2022, 2023 and 2024, in Euromoney Expert Guides as a Rising Star in 2020 and 2021 for Restructuring and Insolvency and was awarded Rising Star for Restructuring and Insolvency at the IFLR European Awards 2019. She has been shortlisted for Restructuring & Insolvency Lawyer of the Year at the Women in Business Law Awards 2024.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2010
Experience
- Akin Gump Strauss Hauer and Feld LLP (2014 - 2022)
- Bingham McCutchen (2012 - 2013)
- Slaughter and May (2008 - 2012)
Membership
- Insolvency Lawyers’ Association
- R3
- IWIRC
Qualification
- MA, 2005
Education
- University of Cambridge, 2005
- BPP Law School, 2006-2008
1 Contributions by Lois Deasey
PRACTICE NOTES
Transfer schemes under Companies Act 2006, s 900: reconstruction and amalgamation, comparison with s 895 schemes, court powers, shareholder commonality, limitations and key cases
Executive summary
a reconstruction or amalgamation scheme—commonly termed a transfer scheme (transfer scheme)—constitutes a form of scheme of arrangement pursuant to section 900 of the Companies Act 2006 (CA 2006)
transfer schemes are not commonly encountered in practice. The limited reported instances of approved transfer schemes concern solvent corporate reorganisations
the process and formalities mirror, in broad terms, those for a scheme of arrangement under CA 2006, s 895 (section 895 scheme) (see: Schemes of arrangement—overview and Practice Note: The Practice Statement for Part 26 schemes and Part 26A restructuring plans (2025)). That said, when considering whether to sanction a transfer scheme, the court’s powers under CA 2006, s 900 are more extensive than those exercised on a section 895 scheme
in a transfer scheme, the transferor and transferee companies must share substantially the same shareholder base; consequently, transfer schemes cannot implement takeover offers or debt for equity swaps (see Practice Note: Debt for equity swaps)
unlike section 895 schemes (see: Schemes of arrangement—overview), transfer schemes are not available in respect of companies...
Restructuring & Insolvency
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