11 results
10 Dec 2018 11:27
Martin Moore QC of Erskine Chambers considers issues arising in recent Part VII transfer & cross-border merger applications undertaken in preparation for BrexitPreparations for Brexit have seen a surge in the number of applications to the High Court in relation to cross-border mergers under the Companies (Cross-Border Mergers) Regulations 2007 (CBMR 2007) and insurance and banking business transfers under Part VII FSMA 2000. These applications are raising more...
30 Nov 2018 09:32
Andrew Thornton of Erskine Chambers considers novel approaches emerging out of recent cross-border merger applicationsCross-border merger applications continue apace and are bringing new issues before the courts. Last week saw the approval under the Companies (Cross-Border Mergers) Regulations 2007 (CBMR 2007) of cross-border mergers involving CT Infrastructure Holding Ltd and Treetop Zobele Bidco Ltd. CT more...
23 Nov 2018 14:33
Andrew Thornton of Erskine Chambers considers the Business and Property Courts Cross-border Merger Practice Note and the impact of BrexitOn 4 October 2018, Chief ICC Judge Briggs issued a Business and Property Courts Practice Note reminding practitioners of the need to produce evidence addressing the impact of a proposed cross-border merger on the creditors and employees of a UK transferor company in relation to applications: (a) for more...
Court sanctions Stellar Diamonds takeover despite low turnout
On 25 April 2018 Snowden J, sanctioned the Part 26 Companies Act 2006 ("CA 2006") scheme of arrangement ("the Scheme") by which Newfield Resources Limited ("Newfield"), an Australian company, acquired the entire issued and to be issued share captial of Stellar Diamonds Plc ("the Company"), an AIM more...
Court sanctions takeover scheme for Stadium Group Plc
On 17 April 2018 Fancourt J. sanctioned the acquisition of the entire issued share capital of Stadium Group Plc ("the Company") by TT Electronics Plc ("TT"). Prior to the acquisition the Company's shares were listed on the AIM market. TT's shares on listed on the main market of the London Stock more...
Court sanctions takeover scheme in respect of challenger bank Aldermore Group Plc
On 12 March 2018 Hildyard J. sanctioned a scheme pursuant to Part 26 CA 2006 providing for the acquisition of the entire issued ordinary share capital of Aldermore Group Plc ("the Company") by FirstRand International Limited ("FirstRand"). The Company was established in 2009 by funds advised by more...
Court Sanctions Takeover of Plant Impact Plc
On 27 March 2018 Barling J. sanctioned the acquisition of the entire issued ordinary share capital of Plant Impact Plc ("the Company") by Croda Europe Limited ("Croda"). The Company carries on business developing and supplying crop enhancement products. Prior to the acquisition the Company's more...
Style & Wood Group Plc Takeover Sanctioned
On 7 March 2018 Fancourt J. sanctioned the acquisition of the entire issued ordinary share capital of Style & Wood Group Plc ("the Company") by Central Square Holdings Limited ("Central Square"). Prior to the acquisition the Company's ordinary shares were listed on the AIM market. It had four more...
The Imagination Technologies Scheme
On 2 November 2017, Snowden J sanctioned a Part 26 CA 2006 scheme of arrangement pursuant to which CBFI Investment Limited (an acquisition vehicle formed at the direction of funds advised by Canyon Bridge Capital Partners LLC (Canyon Bridge)) acquired the entire issued and to be issued share capital more...
Schemes of arrangement: The Jimmy Choo Acquisition
What were the facts in this scheme? On 27 October 2017, Snowden J sanctioned the scheme of arrangement under Part 26 2006 by which JAG Acquisitions (UK) Limited, a wholly-owned subsidiary of Michael Kors (UK) Holdings Limited (Michael Kors) acquired the entire issued and to be issued share capital more...
Court sanctions scheme for acquisition of Hargreave Hale Limited
On 15 September 2017 Morgan J. sanctioned a scheme of arrangement providing for the acquisition of the entire issued and unissued share capital of Hargreave Hale Limited (“the Company”) by Canaccord Genuity Wealth Group Holdings (Jersey) Liimited (“Canaccord”). Most acquisition schemes of more...
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