Plan of Arrangement
/ˈplæn əv əˌreɪndʒmənt/
Definitions
- (n.) A court-approved agreement among a corporation’s shareholders, creditors, or other stakeholders to reorganize or restructure the company, often used in mergers, acquisitions, or insolvency proceedings.
The company sought court approval for a plan of arrangement to merge with its competitor.
Forms
- plan of arrangement
- plans of arrangement
Related terms
See also
Commentary
Plans of arrangement must comply with statutory procedures and typically require court sanction to ensure fairness and legality.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.