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Vol 17 (2020) - Issue 2
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In the Matter of Ophir Energy PLC [2019] EHWC 1278 (Ch)
Jamie Murray-Jones, Associate, and Nicholas Cooper, Associate, Freshfields Bruckhaus Deringer LLP, London, UKSynopsis
The Court sanctioned a scheme of arrangement ('Scheme') despite objections of a shareholder as to the disclosure in the Explanatory Statement. The Court found that as the shareholder had not raised its objections with Ophir Energy Plc ('Ophir') or the Court in a timely manner and had not attended the Scheme meeting or the sanction hearing, no weight could be attached to its objections.
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