Schemes of Arrangement

As is the case in the UK, the Isle of Man Companies Acts allow companies to propose a scheme of arrangement to members and creditors as a way of resolving financial difficulty.

This is a highly flexible and often very effective option, outside of a formal insolvency process, to allow the restructure and continuation of businesses.

Gordon Wilson has been involved in numerous successful schemes of arrangement both in the Isle of Man and in the Cayman Islands. He has worked with legal counsel to conceptualise, negotiate, draft and implement schemes involving thousands of stakeholders and is as a result highly experienced in the application of this effective restructuring option.