In the matter of Charm Communications Inc [2015] CIFsd 6 (26 February 2015)

The court found that all statutory requirements were met, the class was fairly represented, and the scheme was fair and reasonable. The scheme was therefore sanctioned.

Citation: [2015] CIFsd 6
Parties: Subject Company: Charm Communications Inc
Jurisdiction: Cayman Islands
Judgment Date: 26 February 2015
Procedural Posture: Company Law Proceeding / Judgment
Outcome: scheme of arrangement sanctioned
Legal Topics: Corporate Restructuring, Shareholder Rights

Company Law Corporate Restructuring Shareholder Rights

Case Brief

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Parties

Charm Communications Inc

Subject Company

Procedural Posture

Company Law Proceeding / Judgment

Legal Issues

1 Whether the proposed scheme of arrangement should be sanctioned by the court

Ratio Decidendi

The court found that all statutory requirements were met, the class was fairly represented, and the scheme was fair and reasonable. The scheme was therefore sanctioned.

Court Disposition

scheme of arrangement sanctioned

Orders

The scheme of arrangement is sanctioned as proposed.