United Kingdom scheme of arrangementcross borderrecognition

Re KCA Deutag UK Finance Plc

[2020] EWHC 2977 (Ch)

JurisdictionUnited Kingdom

CourtHigh Court of Justice, Chancery Division (Companies Court)

Year2020

StatusPersuasive authority

Key Principle

An English Part 26 scheme of arrangement may be sanctioned where there is a sufficient connection with England and the court is satisfied the scheme will achieve its purpose and be recognised and given effect in the relevant foreign jurisdictions so that the court is not acting in vain.

Area of Law

General

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