Have SOAs reached their limit?

• Autores: Matthew Czyzyk
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 35, Nº. 5 (2/8/2016), 2016
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The article takes a look at the potential of British courts to sanction scheme of arrangement (SOA) restructuring by non-British businesses. It notes that an SOA is an alternative means for negotiating restructuring with creditors and shareholders. It cites that British courts can sanction an SOA scheme once a company is able to establish sufficient connection with England. It mentions several companies that have proposed SOA schemes including Drax Holdings in 2003 and Magyar Telecom in 2013