Schemes of Arrangement for Foreign Companies: Update and Overview

The scheme of arrangement is a well-established tool for non-UK companies to reach binding compromises with creditors from across the world.

However, the precise requirements for English jurisdiction have been in a state of constant change. In this alert memorandum, we explore recent judgments in the area, and the impact they are likely to have on the ability of companies and creditors to bring a scheme of arrangement before the English Court.