Guide
Schemes of Arrangement under Guernsey law
06 December 2023
A scheme of arrangement (a Scheme) is a court-sanctioned compromise or arrangement between a company and its creditors and members (or any class of them) in accordance with the Companies (Guernsey) Law, 2008 (the Law). In this Guide, we consider Schemes between a company and its members in the context of a takeover bid where the members agree to sell their shares to a bidder as an alternative to the takeover provisions in the Law.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
