'The importance of schemes of arrangement in insolvency law goes well beyond the UK borders. The attractiveness of the instrument has shaken European insolvency law, even triggering legal reform across Europe. Professor Payne's book is the single most important academic contribution on schemes, and, as such, a must-read for both academics and practitioners alike.' Ignacio Tirado, Secretary-General, UNIDROIT
1. Schemes of arrangement – an introduction; 2. The mechanics of a scheme of arrangement; 3. Member schemes of arrangement: takeover schemes; 4. Member schemes of arrangement: other examples; 5. Creditor schemes of arrangement: debt restructuring; 6. Creditor schemes of arrangement: other examples; 7. Cross-border issues; 8. Conclusion.