United Kingdom uncategorized

Re BTR plc

[2000] 1 BCLC 740 (CA); affirming [1999] 2 BCLC 675

JurisdictionUnited Kingdom

CourtCourt of Appeal (Civil Division) (England and Wales)

Year1999

StatusBinding authority

Key Principle

Class composition for a scheme of arrangement is determined by the similarity of the members' rights against the company (not their separate commercial or collateral interests); the court at the sanction stage checks statutory compliance, fair class representation, bona fides and the reasonableness of the scheme.

Area of Law

Related Cases

Statoil ASA v Louis Dreyfus Energy Services LP [2008] EWHC 2257 (Comm); [2008] 2 Lloyd's Rep 685; [2008] 2 CLC 520

Statoil ASA v Louis Dreyfus Energy Services LP (The Harriette N) [2008] EWHC 2257 (Comm); [2008] 2 Lloyd's Rep 685; [2009] 1 All ER (Comm) 1035

R v Rahman [2008] UKHL 45; [2009] 1 AC 129; [2008] 3 WLR 264; [2008] 4 All ER 351

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