McDermott Comment: Hema’s Approved Scheme of Arrangement

Aymen Mahmoud, partner at law firm McDermott Will & Emery, said:

“An increasing number of restructurings over the last 18 months have incorporated two or more jurisdictions and Hema’s use of the English scheme of arrangement, a Dutch share pledge enforcement and US Chapter 15 recognition highlights this with the use of these restructuring tools to maximize stakeholder value in the most efficient way possible. We expect this theme to continue, particularly with the advent of the new UK insolvency legislation.”