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After almost 9 years in the making, the much anticipated 4th edition of Schemes, Takeovers and Himalayan Peaks: The Use of Schemes of Arrangement has finally been released in conjunction with the Ross Parsons Centre of Commercial, Corporate and Taxation Law at the University of Sydney.

The 4th edition covers developments since 2013 and around 800 new cases and, at around 2,000 pages, is more than double the length of the 3rd edition.

Schemes, Takeovers and Himalayan Peaks is the leading Australian book on the use of members’ schemes of arrangement to effect changes of control of widely held companies and on the use of creditors’ schemes of arrangement to effect corporate restructurings. It has been described as the “pre-eminent text” on schemes of arrangement.



The book also discusses trust scheme mergers, reverse takeovers, private equity deals, demergers, stub equity structures, joint bids, redomiciliations and amalgamation and reconstruction transactions. In addition to its detailed analysis of schemes of arrangement in Australia, the book also examines the scheme of arrangement procedure in England and certain other foreign jurisdictions.

The book contains a foreword from leading company director Ilana Atlas AO, who has stated:

"In his introduction to the third edition published in 2013, Bathurst CJ wrote:

“Earlier editions have established this book as the pre-eminent text on schemes of arrangement. This third edition will be indispensable to any practitioner in the area, and dare I say it, to any judge required to determine whether to approve a scheme”.

I endorse these comments in relation to the fourth edition also, and add from my own experience, that this book is indispensable to directors, investors and creditors as well. Fortunately, in addition to being comprehensive and erudite, it is a good read, clear and easily navigable. These are all qualities that the non-expert in the scheme process – but a participant nonetheless – will value highly.

Congratulations and thank you to the authors for their continued commitment to schemes of arrangement. We are all the beneficiaries.”

About the authors

The authors, Tony Damian and Andrew Rich, are partners at Herbert Smith Freehills. With half a century of deal experience between them, they have acted on some of Australia’s most significant public M&A and corporate restructuring deals

Herbert Smith Freehills and the University of Sydney have had a close collaboration in relation to the Ross Parsons monograph series, starting back in 2004.  

How to purchase a copy

Hard cover copy $425.00 + $15.95 postage
Soft cover copy $325.00 + $15.95 postage

Copies of the book can be purchased here: 

Purchase copy


For any questions in relation to purchasing the book, please contact Laura Elliott or Amanda Puskaric.

Key contacts

Tony Damian photo

Tony Damian

Partner, Sydney

Tony Damian
Andrew Rich photo

Andrew Rich

Partner, Global Co-Head of Consumer Sector, Sydney

Andrew Rich

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