In re Ashburton Global Funds v [2014] 1 JLR_Note 12 (09 January 2014)

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

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Parties

Ashburton Global Funds

Applicant

Procedural Posture

Companies Schemes of Arrangement / Judgment/note

  1. 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.