Jurisdiction(s):
United Kingdom
Related legal acts
Key definition
Scheme of Arrangement definition

What does Scheme of Arrangement mean? A court‑supervised compromise or arrangement used to restructure a company’s debt, share capital or ownership by binding creditors or members (grouped into classes) to an agreed proposal. In the UK it is a statutory procedure under Part 26 of the Companies Act 2006; in Ireland it is provided for in Part 9, Chapter 1 of the Companies Act 2014. Common uses include debt restructurings, solvent reorganisations and public takeovers. Process: the court orders meetings of each class, reviews class composition, and, if the requisite majorities approve, considers whether to sanction the scheme. At each meeting the threshold is a...

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Convening Order for Creditors’ Meetings in a Part 26 Scheme of Arrangement (Companies Act 2006) — Directions on Notice, Proxies and Voting — England and Wales

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Court Reference No:

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Geraldine Quirk
Geraldine Quirk chambers

Gerry has over 15 years’ experience advising clients in the insurance sector on a broad range of non—contentious issues. Gerry is one of the leading experts on portfolio transfer schemes, particularly in the legacy/run-off industry, and has developed a reputation as one of the ‘go to’ lawyers in this area. She is also a regulatory expert, advising on Solvency II, perimeter guidance, governance and conduct....

Web page updated on 22/05/2026

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