In the matter of the Avivo Group [2022] CIFsd 99 (16 December 2022)

The court found that all statutory requirements were satisfied, the scheme was fair and reasonable, and creditors were properly consulted and approved the scheme by the required majority.

Citation: [2022] CIFsd 99
Parties: Subject Company: Avivo Group
Jurisdiction: Cayman Islands
Judgment Date: 16 December 2022
Procedural Posture: Corporate Restructuring / Judgment
Outcome: scheme sanctioned
Legal Topics: Scheme of Arrangement, Cross Border Insolvency

Corporate Law Insolvency Law Scheme of Arrangement Cross Border Insolvency

Case Brief

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Parties

Avivo Group

Subject Company

Procedural Posture

Corporate Restructuring / Judgment

Legal Issues

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

Ratio Decidendi

The court found that all statutory requirements were satisfied, the scheme was fair and reasonable, and creditors were properly consulted and approved the scheme by the required majority.

Court Disposition

scheme sanctioned

Orders

The scheme of arrangement is sanctioned as proposed by Avivo Group.