In the matter of China Shanshui Cement Group Ltd [2021] CIFsd 4 (27 January 2021)

The court sanctioned the scheme of arrangement as all statutory requirements were met, the scheme was fair and reasonable, and the creditors' interests were adequately protected.

Citation: [2021] CIFsd 4
Parties: Subject Company: China Shanshui Cement Group Ltd
Jurisdiction: Cayman Islands
Judgment Date: 27 January 2021
Procedural Posture: Corporate Restructuring / Judgment
Outcome: scheme sanctioned
Legal Topics: Winding Up, Scheme of Arrangement

Corporate Law Insolvency Winding Up Scheme of Arrangement

Case Brief

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Parties

China Shanshui Cement Group Ltd

Subject Company

Procedural Posture

Corporate Restructuring / Judgment

Legal Issues

1 Whether the scheme of arrangement proposed by China Shanshui Cement Group Ltd 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 the creditors' interests were adequately protected.

Court Disposition

scheme sanctioned

Orders

The scheme of arrangement is sanctioned.
The company is authorized to proceed with the restructuring as set out in the scheme document.