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
Summary, issues, holding and outcome
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Parties
APIC Petroleum Corp.
Applicant
Procedural Posture
Scheme of Arrangement / Sanction by Court
Legal Issues
- 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
Full Case Text
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