Metinvest BV, Re

Metinvest BV, Re

It is appropriate to convene a single meeting of all noteholder creditors to consider the proposed scheme of arrangement, as notification, class composition, and jurisdictional requirements are satisfied.

Source-derived case information.

Parties
Applicant: Metinvest BV
Jurisdiction
England and Wales
Judgment Date
08 June 2016
Procedural Posture
Scheme of Arrangement Application / Application for Order Convening Creditors' Meeting
Outcome
Order granted
Legal Topics
Scheme of Arrangement, Moratorium Extension, Creditors' Meeting, Jurisdiction Under Companies Act 2006
Company Law Insolvency Law Scheme of Arrangement Moratorium Extension Creditors' Meeting Jurisdiction Under Companies Act 2006

Source-derived case record

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 2 Authorities cited 4 Party arguments 2 Amounts and remedies 2
Sign in to unlock

Parties

Metinvest BV

Applicant

Procedural Posture

Scheme of Arrangement Application / Application for Order Convening Creditors' Meeting

Legal Issues

  1. 1 Whether to convene a meeting of creditors to consider a scheme of arrangement under Part 26 of the Companies Act 2006
  2. 2 Whether scheme creditors should be treated as a single class
  3. 3 Whether the English court has jurisdiction to convene the meeting

Ratio Decidendi

It is appropriate to convene a single meeting of all noteholder creditors to consider the proposed scheme of arrangement, as notification, class composition, and jurisdictional requirements are satisfied.

Court Disposition

Order granted

Orders

  • Order convening a single meeting of all noteholder creditors to consider the scheme of arrangement in the terms of the draft order supplied.