Harneys releases “schemarios” rules for parallel schemes
Hong Kong and Cayman Islands flags: schemario rules may help determine whether a parallel scheme is required in the place of registration, usually an offshore jurisdiction. (Credit: Shutterstock.com/Argus)
Harneys has published a set of “schemarios” or scheme scenarios explaining where it believes parallel schemes of arrangement are necessary to give effect to a foreign restructuring, in the wake of court criticism over its advice in China Oil Gangran Energy last week.
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