Global SIFI and Scheme of arrangement: Difference between pages
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imported>Doug Williamson (New term added as per Michelle 21/5/13) |
imported>Doug Williamson (Add second definition.) |
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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. | |||
== See also == | == See also == | ||
* [[ | * [[Insolvency]] | ||
* [[Merger]] | |||
* [[Restructuring]] | |||
[[Category:Corporate_finance]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Manage_risks]] | |||
[[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.
