31 Jan 2013
SINCLAIR KNIGHT MERZ LIMITED HC AK CIV 2012-404-007101
- Citation
- openlaw-ce88b83c_37bb_427e_8395_7e1bbd016bd9.pdf
- Court
- High Court
The Court approved the scheme because statutory requirements for meetings and voting were complied with, the scheme was fairly and accurately presented to scheme creditors, both classes voted unanimously in favour, consideration was independently valued and endorsed by an expert, and the scheme provided a fair, efficient and pragmatic mechanism to compensate for potential Human Rights Act 1993 breaches.