In the matter of FGL Holdings [2023] CIFsd 30 (19 April 2023)

In the matter of FGL Holdings [2023] CIFsd 30 (19 April 2023)

The court sanctioned the scheme of arrangement as all statutory requirements were met, the scheme was fair and reasonable, and there was no evidence of coercion or unfairness.

Citation
[2023] CIFsd 30
Parties
Subject Company: FGL Holdings
Jurisdiction
Cayman Islands
Judgment Date
19 April 2023
Procedural Posture
Company Law / Judgment
Outcome
scheme of arrangement sanctioned
Legal Topics
Corporate Restructuring, Shareholder Rights
Company Law Financial Services Corporate Restructuring Shareholder Rights

Case Brief

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Parties

FGL Holdings

Subject Company

Procedural Posture

Company Law / Judgment

Legal Issues

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

Ratio Decidendi

The court sanctioned the scheme of arrangement as all statutory requirements were met, the scheme was fair and reasonable, and there was no evidence of coercion or unfairness.

Court Disposition

scheme of arrangement sanctioned

Orders

  • The scheme of arrangement is sanctioned.
  • The applicant is to file the order with the Registrar of Companies.