Scheme of arrangement sanctioned over German company despite Judgments Regulation (High Court) | Practical Law

Scheme of arrangement sanctioned over German company despite Judgments Regulation (High Court) | Practical Law

The High Court has sanctioned a scheme of arrangement for a German company in circumstances where none of the scheme creditors were domiciled in the UK. The two court judgments relating to the scheme discuss issues of voting class composition and the extent to which the Judgments Regulation (Regulation 44/2001) impacts on the court's scheme jurisdiction (Primacom Holding GmbH and others v Credit Agricole and others [2011] EWHC 3746 (Ch) (20 December 2011) and Primacom Holding GmbH and others v Credit Agricole and others [2012] EWHC 164 (Ch) (20 January 2012)).

Scheme of arrangement sanctioned over German company despite Judgments Regulation (High Court)

by PLC Restructuring and Insolvency
Published on 09 Feb 2012 • England, International, Wales
The High Court has sanctioned a scheme of arrangement for a German company in circumstances where none of the scheme creditors were domiciled in the UK. The two court judgments relating to the scheme discuss issues of voting class composition and the extent to which the Judgments Regulation (Regulation 44/2001) impacts on the court's scheme jurisdiction (Primacom Holding GmbH and others v Credit Agricole and others [2011] EWHC 3746 (Ch) (20 December 2011) and Primacom Holding GmbH and others v Credit Agricole and others [2012] EWHC 164 (Ch) (20 January 2012)).