Schemes of Arrangement

One of the essential elements of any run-off plan, is the provision of an exit strategy that achieves finality for stakeholders. The preferred exit route, but by no means the only one, is by way of a scheme of arrangement, which is a statutory process.

Tawa has considerable experience of schemes and members of its team have been instrumental in the preparation and promotion of at least 31 schemes for 42 companies, across multiple jurisdictions.

Members of the team have been concerned in the development of all the ground breaking developments which now provide the standard tools employed in scheme strategies. Members of the team were involved in the first 'estimation' scheme for insolvent companies, the first 'solvent' scheme, the first 'contingent' scheme and the use of schemes as an alternative to liquidation.

The exit strategy is of course only one part of any run-off plan, and we at Tawa can provide the technical and operational advice and resources that are needed at every stage of the process. From conducting a detailed analysis of underwriting history and supporting data, through business process review, to business process improvement, planning and implementing run-off strategy, preparing and implementing a scheme, and managing the scheme claims review and management process.

Tawa are there to advise and assist throughout the whole of the run-off process.