DTEK Finance B.V., Re [2015] EWHC 1164 (Ch)

Following upon the November judgment in Re APCOA Parking Holdings GmbH, last week Mrs. Justice Rose sanctioned a scheme of arrangement between DTEK Finance B.V. (“DTEK”), a Dutch company, and holders of notes issued by DTEK in 2010 (the “Notes”). Notably, this case reinforces the finding in APCOA that a non-English company without substantial connection to England can nevertheless avail itself of an English scheme of arrangement by changing the governing law in its debt documents to English law. A copy of the DTEK judgment can be found here.