header-logo header-logo

Home Login E-newsletter About us
13 December 2013
Issue: 7588 / Categories: Case law , Law reports , In Court
printer mail-detail

Company—Scheme of arrangement—Jurisdiction

© Copyright LexisNexis 2026. All Rights Reserved.

Re Magyar Telecom B. V.  [2013] EWHC 3800 (Ch), [2013] All ER (D) 20 (Dec)

Chancery Division. Richards J, 3 Dec 2013

The Chancery Division has given guidance on the sanctioning of schemes of arrangements involving companies with interests in different jurisdictions.

Daniel Bayfield (instructed by White & Case LLP) for the company.

The proceedings concerned a company incorporated and registered in the Netherlands. It was a member of a group whose principal business was the operation of telecommunication services in Hungary. The parent of the group was Hungarian Telecom LP, a private investment firm incorporated in Guernsey and managed primarily by a company (Mid Europa), which had its headquarters in London and was authorised and regulated by the Financial Conduct Authority. The principal liabilities of the company arose under an issue of €345m 9.5% notes, due 2016 (the notes), governed by the law of the State of New York and subject to the non-exclusive jurisdiction of the courts of that state in favour of noteholders.
 
A scheme of arrangement was

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Read All
Sponsored by
Haynes Boone—Jeremy Cross

Haynes Boone—Jeremy Cross

Firm strengthens global fund finance practice with London partner hire.

DWF—Stephen Webb

DWF—Stephen Webb

Partner and head of national planning team appointed

mfg Solicitors—Nick Little

mfg Solicitors—Nick Little

Corporate team expands in Birmingham with partner hire

NEWS
Read All
NLJ this week: ‘Joe Donor’ ruling exposes dangers of unregulated conception
The High Court’s refusal to recognise a prolific sperm donor as a child’s legal parent has highlighted the risks of informal conception arrangements, according to Liam Hurren, associate at Kingsley Napley, in NLJ this week
NLJ this week: CILEX warns Mazur ruling must spark reform
The Court of Appeal’s decision in Mazur may have settled questions around litigation supervision, but the profession should not simply ‘move on’, argues Jennifer Coupland, CEO of CILEX, in this week's NLJ
NLJ this week: Conditional job offers carry hidden risks for employers
A simple phrase like ‘subject to references’ may not protect employers as much as they think. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, analyses recent employment cases showing how conditional job offers can still create binding contracts
NLJ this week: Diamond rings and broken promises

An engagement ring may symbolise romance, but the courts remain decidedly practical about who keeps it after a split, writes Mark Pawlowski, barrister and professor emeritus of property law at the University of Greenwich, in this week's NLJ

NLJ this week: The battle over medical report fees intensifies
Medical reporting organisation fees have become ‘the final battleground’ in modern costs litigation, says Kris Kilsby, costs lawyer at Peak Costs and council member of the Association of Costs Lawyers, in this week's NLJ
Copyright © 2026 LexisNexis
back-to-top-scroll