We provide comprehensive legal services to businesses navigating Schemes of Arrangement. Our experienced team specialise in this complex area of corporate restructuring, offering bespoke advice and support tailored to each clients' unique needs.
What is a Scheme of Arrangement?
A Scheme of Arrangement is a statutory procedure governed by the Companies Act 2014 in Ireland, allowing a company to make an arrangement or compromise with its creditors or shareholders. This powerful tool can facilitate corporate restructuring, mergers, takeovers, or debt arrangements, ensuring the smooth transition and continuity of the business.
Key Benefits of Schemes of Arrangement
Flexibility: A Scheme of Arrangement can be tailored to address specific financial and structural needs of a company.
Binding Agreement: Once approved by the court and the necessary majority of creditors or shareholders, the scheme becomes binding on all parties involved.
Business Continuity: It allows the company to continue its operations while undergoing restructuring, minimising disruption.
Creditor Support: Provides a structured method for dealing with creditor claims, potentially securing better terms than alternative insolvency procedures such as liquidation or examinership.
Our Schemes of Arrangement Expertise
Our Restructuring & Insolvency Team has extensive experience in corporate restructuring and insolvency law, with a deep understanding of the complexities involved in Schemes of Arrangement.
We will assess the viability of a Scheme of Arrangement for your business and explain the potential benefits and risks.
We will engage with creditors and shareholders to gain the necessary support for the scheme.
We will provide expert representation during court hearings to secure approval of the scheme.
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