In the matter of FGL Holdings - Ruling [2023] CIFsd 72 (13 September 2023)

The court found that the statutory requirements were satisfied and that the scheme was fair and reasonable, and therefore sanctioned the scheme of arrangement.

Source-derived case information.

Citation: [2023] CIFsd 72
Parties: Applicant: FGL Holdings
Jurisdiction: Cayman Islands
Judgment Date: 13 September 2023
Procedural Posture: Company Matter / Ruling
Outcome: Scheme sanctioned
Legal Topics: Scheme of Arrangement, Sanction Hearing

Corporate Law Scheme of Arrangement Sanction Hearing

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Full judgment text Downloadable case file Legal principles 1 Authorities cited 2 Party arguments 2

Parties

FGL Holdings

Applicant

Procedural Posture

Company Matter / Ruling

Legal Issues

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

Ratio Decidendi

The court found that the statutory requirements were satisfied and that the scheme was fair and reasonable, and therefore sanctioned the scheme of arrangement.

Court Disposition

Scheme sanctioned

Orders

The scheme of arrangement is sanctioned.

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