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Company – Scheme of arrangement. The Chancery Division held that, in all the circumstances, it had jurisdiction and it was appropriate to exercise its discretion to sanction cross-border schemes of arrangement in respect of the group, Van Gansewinkel Groep BV. The scheme creditors could be regarded as coming within the jurisdiction of the English court under art 8(1) of European Parliament and Council Regulation (EU) 1215/2012 for the purposes of the exercise of the scheme jurisdiction in relation to them. The court further considered the proper approach, in practice, to applying for the sanction of schemes of arrangement where jurisdictional issues might be involved.
Company – Scheme of arrangement. The Chancery Division held that, in all the circumstances, it had jurisdiction and it was appropriate to exercise its discretion to sanction cross-border schemes of arrangement in respect of the group, Van Gansewinkel Groep BV. The scheme creditors could be regarded as coming within the jurisdiction of the English court under art 8(1) of European Parliament and Council Regulation (EU) 1215/2012 for the purposes of the exercise of the scheme jurisdiction in relation to them. The court further considered the proper approach, in practice, to applying for the sanction of schemes of arrangement where jurisdictional issues might be involved.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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