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Clifford Chance

Clifford Chance


Schemes of Arrangement: Another step forward

15 April 2014

On 14 April 2014 the English Court sanctioned schemes of arrangement for the APCOA Group, including several foreign companies within that Group. The decision is the latest in a line of cases which illustrate the willingness of the English Court to accept jurisdiction over foreign companies. For the first time jurisdiction was established on the basis of a Facilities Agreement whose governing law and jurisdiction clauses had been changed to English law and the English courts by majority lender consent.

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