Benefit from extensive experience in structuring and securing approval for schemes of arrangement, in the most attractive jurisdictions, to achieve optimal outcomes.
Your Conyers team includes experts in company law, capital markets, restructuring and insolvency who pool their expertise to craft schemes of arrangement that best suit your requirements. Our team is drawn from across all our offices to ensure that we are working for you around the clock wherever you need our assistance.
We advise companies, groups of shareholders and creditors, depending on the particular scheme of arrangement. Our experience in schemes of arrangement means we are very familiar with courts’ requirements across a wide range of jurisdictions.
In Bermuda, a court-supervised scheme of arrangement is the most straightforward and cost-effective way to facilitate a corporate rescue or restructuring of a company incorporated in Bermuda but with operations or listing status in another jurisdiction. We also have much experience of working with provisional liquidators appointed when companies are declared insolvent, and can advise on schemes of arrangement used to achieve privatisations.
Highlight Cases
- Acting for provisional liquidators overseeing the buyout of investors by way of a US$1 billion scheme of arrangement.
- Acting for Hong Kong company Li & Fung in connection with contentious privatisation by way of shareholders’ scheme of arrangement (in conjunction with Conyers Hong Kong). This was one of the first instances in which the Supreme Court of Bermuda permitted the company to have the option of holding a fully electronic court meeting, with no physical presence, to approve the scheme.
- Advising Digicel on Bermuda aspects of tender offers as well as potential schemes of arrangements under section 99 of the Companies Act 1981 of Bermuda, in a case valued at US$7 billion.
- Advising China-based, Hong Kong-listed Golden Wheel Tiandi Holdings Company Limited on its successful restructuring of three tranches of New York law-governed senior notes in an aggregate principal amount of US$450 million. The restructuring was implemented by way of a scheme of arrangement approved by the Grand Court of the Cayman Islands.