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BI DEVELOPMENT LTD v BI-DEVELOPMENT LIMITED LIABILITY PARTNERSHIP

CASE No: AIFC-C/CFI/2024/0038
15.11.2024
Keywords
# Agreement on merger
# Amalgamation
# AIFC Companies Regulations
# Reconstruction
# Shareholders
# Creditors
Judges
Andrew Spink KC
Summary
The Claimant applied for court sanction of a corporate restructuring involving the merger of the Company and the LLP under sections 124 and 126 of the AIFC Companies Regulations, with both entities consenting and no creditor objections raised. The Court found the statutory requirements satisfied, confirmed adequate protection of creditors, and ordered the merger and reconstruction to proceed in accordance with the Agreement on Merger. Download PDF

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