Schemes of arrangement: Reverse takeover adventures

How Geovic managed to make three companies into one in Cayman.

(This article appears courtesy of International Financial Law Review, sign up for a free trial on their site

In late 2006, the Cayman Islands saw one of the more novel and challenging schemes of arrangement undertaken in that jurisdiction. The Geovic scheme brought three companies together using a reverse takeover. Its successful completion was exemplary of the flexibility of the Cayman Islands scheme procedure.

Each of these three companies brought something different to the deal. Geovic Limited (Geovic) brought the business opportunity.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access