United Kingdom scheme of arrangementclass compositionlock up agreement

Re Petra Diamonds Treasury Plc

[2020] EWHC 3565 (Ch)

JurisdictionUnited Kingdom

CourtHigh Court of Justice, Chancery Division (Companies Court)

Year2020

StatusPersuasive authority

Key Principle

On a convening application for a Part 26 scheme of arrangement, the fact that scheme creditors have entered into a lock-up (restructuring support) agreement does not, of itself, fracture the class for voting purposes.

Area of Law

General

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