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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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