In re APIC Petroleum Corp. v [2013] 1 JLR_Note 3 (10 December 2012)

In re APIC Petroleum Corp. v [2013] 1 JLR_Note 3 (10 December 2012)

The court will sanction a scheme of arrangement if it is satisfied that statutory requirements are met and the scheme is fair and reasonable.

Parties
Applicant: APIC Petroleum Corp.
Jurisdiction
Jersey
Judgment Date
10 December 2012
Procedural Posture
Scheme of Arrangement / Sanction by Court
Outcome
scheme sanctioned
Legal Topics
Schemes of Arrangement, Court Sanction

Case Brief

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Parties

APIC Petroleum Corp.

Applicant

Procedural Posture

Scheme of Arrangement / Sanction by Court

  1. 1 Whether the court should sanction the proposed scheme of arrangement under company law

Ratio Decidendi

The court will sanction a scheme of arrangement if it is satisfied that statutory requirements are met and the scheme is fair and reasonable.

Court Disposition

scheme sanctioned

Orders

  • scheme of arrangement sanctioned by the court