scheme of reconstruction

noun

  • Property Law
  • Bankruptcy Law

Definitions of scheme of reconstruction

  • the issue of ordinary share capital by one company to shareholders of ordinary shares in another company in proportion to the number of shares they own. The new shares are treated as the same asset as schemes of reconstruction are seen as a form of reorganization.

    This includes any scheme of reconstruction of the Purchaser under section 110 Insolvency Act 1986.

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Phrase Bank for scheme of reconstruction