On the 1 October 2007 new Practice Directions to the Civil Procedure came into force which will affect applications to court under the Companies Acts 1985 and 2006. In particular the rules in relation to schemes of arrangement under section 425 Companies Act 1985 are being amended to incorporate provisions in the Companies Act 2006 coming into force on 1 October 2007.
The procedure for schemes of arrangement is set out in paragraph 7 of the new Practice Direction to CPR 49. The aim of the changes is to streamline proceedings so in most cases the requirement for claims to be commenced by petition has been removed.
For further information: Civil Procedure (Amendment) Rules 2007 (PDF 112.76KB)