- Scheme of arrangement
Schemes of arrangement (or a "scheme of reconstruction") is a court-approved agreement between a company and its
shareholders or creditors (e.g. lenders or debentureholders). It may effect mergers and amalgamations and may alter shareholder or creditor rights.
Schemes of arrangement are used to execute arbitrary changes in the structure of a business and thus are used when a reorganisation cannot be achieved by other means. They may be used for rescheduling debt, for takeovers, and for returns of capital, among other purposes.
In the United Kingdom, the relevant provisions for effecting a scheme of arrangement are found in
Companies Act 2006, Parts 26 (ss.895-901) and Part 27 (special rules for public companies)
Mergers and acquisitions
* [http://moneyterms.co.uk/scheme-of-arrangement/ Scheme of arrangement - moneyterms.co.uk]
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scheme of arrangement — index configuration (form), method Burton s Legal Thesaurus. William C. Burton. 2006 scheme of arrangemen … Law dictionary
scheme of arrangement — Restructuring of share capital involving the issuance of new securities and/or cash. Euroclear Clearing and Settlement glossary A non optional event proposed by a company on its share capital. London Stock Exchange Glossary * * * scheme of… … Financial and business terms
scheme of arrangement — A compromise agreement made between a company and its shareholders or creditors as an alternative to bankruptcy. This is usually achieved by applying the assets and income of the debtor in proportionate payments to the creditors. This is… … Accounting dictionary
scheme of arrangement — /ˌski:m əv ə reɪndʒmənt/ noun a scheme drawn up by an individual or company to offer ways of paying debts, so as to avoid bankruptcy proceedings. Also called voluntary arrangement … Dictionary of banking and finance
scheme of arrangement — See arrangement … Big dictionary of business and management
scheme of arrangement — Restructuring of share capital involving the issuance of new securities and/or cash … Euroclear glossary
arrangement — UK US /əˈreɪndʒmənt/ noun ► [C, usually plural] a plan or preparation for how something will happen: make an arrangement »There wasn t enough time for him to make alternative arrangements. arrangement (for sb) to do sth »Some people have very… … Financial and business terms
arrangement — 1) A method of enabling a debtor to enter into an agreement with any creditors (either privately or through the courts) to discharge his or her debts by partial payment, as an alternative to bankruptcy. This is generally achieved by a scheme of… … Big dictionary of business and management
arrangement — Synonyms and related words: Nachtmusik, abatement of differences, absolute music, accommodation, accord, adaptation, adjunct, adjustment, adornment, affair, agreement, air varie, aleatory, aleatory music, alignment, analysis, anatomy, appointment … Moby Thesaurus
scheme — Synonyms and related words: Byzantine intrigues, action, anagnorisis, angle, approach, architectonics, architecture, argument, arrangement, art, artful dodge, artifice, atmosphere, attack, background, backstairs influence, bag of tricks, blind,… … Moby Thesaurus