Re Syncreon Group BV

Company – Scheme of arrangement - Meeting of creditors. The application by Syncreon Group BV and Syncreon Automative (UK) Ltd for an order pursuant to s 896 of the Companies Act 2006 convening meetings of certain classes of creditors for the purpose of considering, and if thought fit approving, schemes of arrangement proposed to be made pursuant to Pt 26 of that Act, was allowed. The Chancery Division held that: (a) the two classes for each of the two schemes were properly constituted; (ii) and there were no 'roadblock' issues which made it obvious that the court had no jurisdiction or should otherwise refuse to exercise its discretion to sanction the schemes.

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