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17 April 2014
Issue: 7603 / Categories: Case law , Law digest , In Court
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Companies—Scheme of arrangement

Re Stemcor [2014] EWHC 1096 (Ch), [2014] All ER (D) 89 (Apr)

In respect of the jurisdiction to sanction a scheme under s 899 of the Companies Act 2006, the court had to be satisfied that: (i) the meeting or meetings of creditors had been summoned and held in accordance with the order of the court convening the meeting of creditors; (ii) the proposed scheme had been approved by the requisite majority of those present and voting at the meeting or meetings; and (iii) the creditors were treated in appropriate classes for the purpose of convening the meeting or meetings.

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NEWS
The controversial Courts and Tribunals Bill has passed its second reading by 304 votes to 203, despite concerted opposition from the legal profession
The presumption of parental involvement is to be abolished, the Lord Chancellor David Lammy has confirmed
A highly experienced chartered legal executive has been prevented from representing her client in financial remedies proceedings, in a case that highlights the continued fallout from Mazur
Plans to commandeer 50%-75% of the interest on lawyers’ client accounts to fund the justice system overlook the cost and administrative burden of this on small and medium law firms, CILEX has warned
Lawyers have been asked for their views on proposals to change the penalties for assaulting a police officer
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