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Company – Scheme of arrangement. The Chancery Division allowed an application by the joint special administrators of a company to return client assets to clients pursuant to a distribution plan. The Court decided that the application was a highly convenient method of achieving the desired objective, and worked fairly, equitably and reasonably.
Company – Scheme of arrangement. The Chancery Division allowed an application by the joint special administrators of a company to return client assets to clients pursuant to a distribution plan. The Court decided that the application was a highly convenient method of achieving the desired objective, and worked fairly, equitably and reasonably.
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