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Từ vựng:

scheme of arrangement

Giải nghĩa:

/skiːm əv əˈreɪndʒmənt/ – Noun


Definition: Quy hoạch sắp xếp.

A more thorough explanation: a reorganisation of a company’s capital structure or its debts which is binding on creditors once it has been approved by a particular majority and sanctioned by the court

Example: The Court ruled that a company proposing a solvent scheme of arrangement with its creditors must provide each creditor with a list of the names and contact details of the other creditors.

 

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