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Solvent Scheme Update
The use of solvent schemes of arrangement has become increasingly popular in the run-off industry.
The procedure of bringing a scheme to court sanction, via creditor notification, creditor meetings, is one which demands a wide range of advisers. Although most schemes appoint a scheme adviser – typically an accountancy firm – an increasing number are opting to handle their schemes ‘in-house’. However when it comes to other advisers such as lawyers most scheme companies will appoint an external firm (often the firm they already use) and will also look to appoint a number of other independent advisers such as an actuary (particularly crucial if there are is a significant APH claims exposure), a vote adjudicator, an expert to examine disputed claims, and an independent chairman. Our table – which will be updated regularly – aims to build a picture of the range of advisers and their roles and will include commentary on the various issues, trends and developments in solvent schemes of arrangement.  Updated 27th July 2010 
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Background to Solvent Schemes
The Scottish Lion roars - the appeal decision analysed by Clifford Chance and PricewaterhouseCoopers
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Run Off & Restructuring is published by BD Communications (London) LLP. © 2002 to 2010 All rights reserved.
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