This Practice Note, produced in partnership with Phillip Taylor of Alston & Bird LLP and Chris Laughton of Mercer & Hole Chartered Accountants, considers Insolvency Act 1986, s 110 arrangements (also known as s 110 demergers / s 110 schemes / s 110 transfers / s 110 liquidation schemes / s 110 reconstructions). It considers the rationale behind them, the typical deal structure, the reconstruction agreement, how dissenting shareholders can challenge and tax issues.