United Kingdom scheme of arrangementcross borderjurisdiction

Re Steinhoff International Holdings NV

[2021] EWHC 184 (Ch)

JurisdictionUnited Kingdom

CourtHigh Court of Justice, Chancery Division (Companies Court)

Year2021

StatusPersuasive authority

Key Principle

The court may sanction a Part 26 scheme of arrangement of a foreign-incorporated (Dutch) ultimate holding company where there is a sufficient connection with England, in order to amend creditor arrangements (extending maturity and lowering consent thresholds) to facilitate a wider global settlement, even over creditor objection.

Area of Law

General

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