Schemes of Arrangement under Jersey Law
28 January 2020
A scheme of arrangement (a Scheme) is a court-sanctioned compromise or arrangement between a company and its creditors or members (or any class of them) in accordance with Part 18A of the Companies (Jersey) Law 1991 (the Law), specifically sections 125 to 127 (inclusive). The Jersey provisions on Schemes are largely similar to those in England.
Whilst the scope for using a Scheme is wide, this guide only considers Schemes between a company and its members in the context of a takeover bid.
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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.
