Scheme of arrangement and Special Purpose Entity: Difference between pages

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imported>Doug Williamson
(Add second definition.)
 
imported>Doug Williamson
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1. ''Insolvency law.'' 
(SPE).  


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.
A legal entity established to facilitate restricted transactions or purposes for a particular sponsor or sponsors, often characterised by severely limited independence of decision making and a relatively small capital base.




2.
An SPE used for a securitisation is known as a securitisation special purpose entity (SSPE).
 
A similar agreement, for a company which is not necessarily financially distressed.




== See also ==
== See also ==
* [[Insolvency]]
* [[Conduit]]
* [[Merger]]
* [[Entity]]
* [[Restructuring]]
* [[Securitisation]]
* [[SPAC]]
* [[Special purpose vehicle]]
* [[Sponsor]]
* [[SSPE]]


[[Category:Corporate_finance]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Compliance_and_audit]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]

Latest revision as of 15:17, 19 August 2021

(SPE).

A legal entity established to facilitate restricted transactions or purposes for a particular sponsor or sponsors, often characterised by severely limited independence of decision making and a relatively small capital base.


An SPE used for a securitisation is known as a securitisation special purpose entity (SSPE).


See also