Schemes of Arrangement under Jersey Law

A scheme of arrangement (a Scheme) is a court-sanctioned compromise or arrangement between a company and its creditors or members (or any class of them) in accordance with Part 18A of the Companies (Jersey) Law 1991 (the Law), specifically sections 125 to 127 (inclusive). The Jersey provisions on Schemes are largely similar to those in England.

Whilst the scope for using a Scheme is wide, this guide only considers Schemes between a company and its members in the context of a takeover bid.