In our continuing review of key issues concerning schemes of arrangement, this second bulletin addresses issues of valuation, third party releases, voting by ultimate beneficial holders and amendments to schemes. Our first bulletin covered jurisdiction, stays on challenges in foreign courts, new money and the imposition of new obligations, and class composition. Our third bulletin will contrast schemes with US chapter 11 proceedings.
This series of bulletins assumes a certain level of background knowledge. For additional information, please see our recently-updated introductory guide to Schemes of Arrangement as Restructuring Tools.
More from the Bankruptcy Blog
Copyright © 2019 Weil, Gotshal & Manges LLP, All Rights Reserved. The contents of this website may contain attorney advertising under the laws of various states. Prior results do not guarantee a similar outcome. Weil, Gotshal & Manges LLP is headquartered in New York and has office locations in Beijing, Boston, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, New York, Paris, Princeton, Shanghai, Silicon Valley, Warsaw, and Washington, D.C.