Scheme of Arrangement
A scheme of arrangement is a formal restructuring process that is carried our under the supervision of the Court. It affords a corporation a period of time where no legal action can proceed against the corporation. The corporation can then proceed to come up with a scheme of arrangement which proposal must be voted on by the various classes of creditors. Where the requisite affirmative vote is obtained the corporation can then proceed to implement the scheme. A scheme advisor and/or a manger are appointed to administer the Scheme.
The ADAMPRIMUS specialist is proficient in developing schemes of arrangement that enable a company to strengthen its financial position and capitalize on its future growth potentials.