Scheme of arrangement

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

• Corporate Insolvency and Governance Act
• Insolvency
• Merger
• Restructuring
• Restructuring plan
• Sanction