In re APIC Petroleum Corp. v [2013] 1 JLR_Note 3 (10 December 2012)
- Status
- Judgment
- Jurisdiction
- Jersey
- Posture
- Scheme of Arrangement / Sanction by Court
On this page
Professional case brief
Research organized from the available case record
01
Holding and result
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
02
Material facts
Parties
APIC Petroleum Corp.
Applicant03
Procedural history
Posture
Scheme of Arrangement / Sanction by Court
04
Questions and positions
Legal issues
Whether the court should sanction the proposed scheme of arrangement under company law
Party arguments
- Applicant
- The applicant seeks court sanction for a proposed scheme of arrangement in accordance with company law requirements.
05
Court’s reasoning
Legal principles
- 01
company law
The court has the power to sanction schemes of arrangement if statutory requirements are met and the scheme is fair and reasonable.
06
Ratio, limits and disposition
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
- scheme of arrangement sanctioned by the court
Source and reliance status
Official court record
This page organises the available record for research. Confirm quotations, current status, and subsequent treatment against the official source before relying on the case.
Judgment reading view
Judgment text
The complete available source text.
Court record
Judgment
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