2014•International financial law reviewRequires access
Dissenting creditor rights in UK SOAs.
Jo Windsor, Nick Le Masurier
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Abstract
The article looks at the deterioration of the ability of a dissenting creditor to disrupt or derail a scheme of arrangement (SOA) caused by the emerging trends in schemes of arrangement, including the popularity of amend and extend schemes and the use of settlement, in Great Britain. Topics covered include the strategies used by a creditor intending to block a SOA, the disadvantages of SOA, and the procedure of voting on a SOA within a company.