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Look Inside Schemes of Arrangement

Schemes of Arrangement
Theory, Structure and Operation

Author: Jennifer Payne, University of Oxford

Date Published: June 2014
availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
format: Adobe eBook Reader
isbn: 9781139989688

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About the Authors

Schemes of arrangement are an important and flexible mechanism, which can be used to reorganise a company's capital. They have undergone something of a renaissance since the global financial crisis, particularly as a debt restructuring device, since effective tools were needed to deal with financial distress. Schemes have also become the mechanism of choice for recommended takeovers. In order to understand their current popularity, this book examines the use of both member and creditor schemes, and compares their advantages and disadvantages to the alternatives that are available. It performs a critical, contextual and comparative analysis of schemes and their uses, and puts forward reform proposals that are designed to ensure that schemes continue to develop as an indispensable tool for companies for the future.
- Puts forward a rigorous academic analysis which considers not just how schemes of arrangement work and the form of transactions undertaken, but also the policy considerations underlying these transactions
- Provides the reader with a deeper understanding of the theoretical and policy background, and considers possible areas of reform
- Undertakes a comparative analysis of overseas jurisdictions that have adopted the English scheme of arrangement and some of the functional equivalents adopted elsewhere
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Reviews & endorsements
"This is a profoundly useful and interesting book, written with great clarity … Professor Payne has written a very good book, analysing schemes and praising their development and flexible nature."
Gerard McCormack, European Business Organization Law Review
"… the book's greatest strength lies in its systematic collation and lucid explanation of a vast amount of scheme materials, greatly facilitating future research. It is a wonderful snapshot of the existing scheme practice."
Look Chan Ho, International Company and Commercial Law Review
"Schemes of Arrangement is an informative and well-structured book. Professor Payne has done excellent work to draw together the law and practice of English schemes of arrangement into a highly readable format, which balances a high-level overview with a discussion of important details … The book will appeal primarily to lawyers, judges, and academics working in the corporate/commercial and insolvency areas, and is an excellent primer on this area of English law."
Virginia Torrie, Canadian Business Law Journal
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Product details
- Date Published: June 2014
- format: Adobe eBook Reader
- isbn: 9781139989688
- contains: 1 table
- availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
Table of Contents
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. The geographical expansion of schemes of arrangement
9. Conclusion.
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Author
Jennifer Payne, University of Oxford
Jennifer Payne is Professor of Corporate Finance Law at the University of Oxford.