In re Ashburton Global Funds v [2014] 1 JLR_Note 12 (09 January 2014)
The court held that schemes of arrangement may involve protected cells provided statutory requirements are met.
- Parties
- Applicant: Ashburton Global Funds
- Jurisdiction
- Jersey
- Judgment Date
- 09 January 2014
- Procedural Posture
- Companies Schemes of Arrangement / Judgment/note
- Outcome
- Scheme of arrangement involving protected cells permitted subject to statutory compliance.
- Legal Topics
- Schemes of Arrangement, Protected Cells
Case Brief
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Parties
Ashburton Global Funds
Applicant
Procedural Posture
Companies Schemes of Arrangement / Judgment/note
Legal Issues
- 1 Whether a scheme of arrangement involving protected cells is permissible under Jersey law
Ratio Decidendi
The court held that schemes of arrangement may involve protected cells provided statutory requirements are met.
Court Disposition
Scheme of arrangement involving protected cells permitted subject to statutory compliance.
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