Compromise or arrangement meetings: court-ordered convening, notice, proxy and reporting requirements under company law procedures. Court-directed procedure requiring convening of meeting(s) of specified classes to consider a proposed compromise or arrangement, with advertisement and notices containing copies of the arrangement and the section 393 statement to be published and posted at least 21 clear days before the meeting, filing of the advertisement, notice and statement in court within three days, chairman appointment and authority to issue notices, proxy voting permitted if filed 48 hours before the meeting, valuation of votes by company books or chairman determination if disputed, and a verified chairman's report to court within a specified period.