This Practice Note covers:

1. •

   what arrangements under Insolvency Act 1986 (IA 1986), s 110 (a s 110 arrangement) are (see: What is a s 110 arrangement?)

2. •

   the rationale for s 110 arrangements (see: Rationale for s 110 arrangements)

3. •

   the other options available (see: Other options available)

4. •

   the requirements for s 110 arrangements (ie which companies can benefit from them) (see: The requirements for s 110 arrangements)

5. •

   the benefits of s 110 arrangements (see: Benefits of s 110 arrangements)

6. •

   potential complications in s 110 arrangements (see: Potential complications in s 110 arrangements)

7. •

   the typical deal structure (see: Typical deal structure)

8. •

   appointing the liquidator (see: Insolvency Act 1986 s 110 arrangements — Appointing the liquidator)

9. •

   typical contents of a reconstruction agreement (see: Contents of a reconstruction agreement)

10. •

    how s 110 arrangements can be challenged by dissenting shareholders (see: Challenge by dissenting shareholders), and

11. •

    a summary of likely tax issues (see: Tax issues)