The field of Voluntary Arrangements can be of substantial interest to companies which seek to restructure their business through a creditors` scheme. Even though not so commonly used, it can be an extremely useful vehicle where a company is under the pressure of creditors’ action, pending Court Orders, execution of Court Orders or enforcement of guarantees or cross guarantees.

The RAS Team has extensive experience in preparing, enforcing and supervising such schemes. RAS may advise the company or the directors prior to holding any meeting or applying to the Court, however understanding the company`s position, business and needs at an early stage is essential for a successful scheme.

Schemes of Arrangement could also be used where a company is restructuring its affairs or where there is a possibility of a joint venture and the dissolution of a company without liquidation may be required.

Under any circumstances it is important to draft a well structured proposal that includes all the necessary details and formalities which will have a successful outcome. To this extent the importance of the Proposal Scheme is vital and the employment of experts should be sought at early stages.