The takeover by Spanish company Iberdrola of ScottishPower presented unique procedural challenges to Scotland's Commercial Court in the Court of Session, which were overcome through early constructive engagement with the court.
August 08, 2007 at 09:31 PM
1 minute read
The original version of this story was published on Legalweek
The takeover by Spanish company Iberdrola of ScottishPower presented unique procedural challenges to Scotland’s Commercial Court in the Court of Session, which were overcome through early constructive engagement with the court.
Court-approved schemes of arrangement under section 425 of the Companies Act 1985 have become the preferred choice for implementing agreed takeovers of public companies in recent years.
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