Scheme of arrangement: Difference between revisions
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imported>Doug Williamson (Link with new Restructuring page.) |
imported>Doug Williamson (Add second definition.) |
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''Insolvency law.'' | 1. ''Insolvency law.'' | ||
An | An agreement between a financially distressed company and its creditors or members to effect a merger or a restructuring, which requires the sanction of the court. | ||
2. | |||
A similar agreement, for a company which is not necessarily financially distressed. | |||
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* [[Restructuring]] | * [[Restructuring]] | ||
[[Category:Corporate_finance]] | |||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] |
Revision as of 20:12, 15 January 2018
1. Insolvency law.
An agreement between a financially distressed company and its creditors or members to effect a merger or a restructuring, which requires the sanction of the court.
2.
A similar agreement, for a company which is not necessarily financially distressed.