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scheme of arrangementcross borderjurisdiction
Re OQ Chemicals Holding Drei GmbH
[2024] EWHC 2036 (Ch)
Key Principle
On a convening application under Part 26 of the Companies Act 2006, the court has jurisdiction over a foreign-incorporated company where there is a sufficient connection with England (here, English-law governed finance documents) and may order meetings for two materially identical, inter-conditional schemes of arrangement designed to extend the maturity of term and revolving loan facilities pending an M&A sale process.
Area of Law
General
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