In re Heritage Oil plc [2014] 2 JLR_Note 23 (17 September 2014)

In re Heritage Oil plc [2014] 2 JLR_Note 23 (17 September 2014)

The court sanctioned the scheme of arrangement as it complied with statutory requirements and was fair to stakeholders.

Parties
Applicant: Heritage Oil plc
Jurisdiction
Jersey
Judgment Date
17 September 2014
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

Heritage Oil plc

Applicant

Procedural Posture

Scheme of Arrangement / Sanction by Court

  1. 1 Whether the scheme of arrangement should be sanctioned by the court

Ratio Decidendi

The court sanctioned the scheme of arrangement as it complied with statutory requirements and was fair to stakeholders.

Court Disposition

scheme sanctioned

Orders

  • scheme of arrangement sanctioned