Re House of Fraser (Funding) plc

Company – Scheme of arrangement. House of Fraser (Funding) plc succeeded in its application for an order, pursuant to s 899 of the Companies Act 2006, for the sanction of a scheme of arrangement which was proposed by the company. The Chancery Division held that it had the requisite jurisdiction, that the statutory requirements for the sanctioning of the scheme had been satisfied and that, in all the circumstances, it was appropriate to sanction the scheme.

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